JPMorgan USD Emerging Markets Sovereign Bond ETF (NYSEARCA:JPMB) Short Interest Down 68.0% in July

JPMorgan USD Emerging Markets Sovereign Bond ETF (NYSEARCA:JPMB) saw a large decline in short interest in July. As of July 15th, there was short interest totaling 15,080 shares, a decline of 68.0% from the June 30th total of 47,107 shares. Approximately 0.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 13,504 shares, the days-to-cover ratio is presently 1.1 days.

JPMorgan USD Emerging Markets Sovereign Bond ETF Stock Up 0.0%

Shares of JPMorgan USD Emerging Markets Sovereign Bond ETF stock opened at $39.50 on Friday. The company has a 50 day moving average of $39.98 and a 200-day moving average of $40.06. JPMorgan USD Emerging Markets Sovereign Bond ETF has a 1-year low of $38.79 and a 1-year high of $40.90.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its stake in JPMorgan USD Emerging Markets Sovereign Bond ETF by 7.6% during the first quarter. Bank of America Corp DE now owns 204,841 shares of the company’s stock worth $8,041,000 after purchasing an additional 14,448 shares during the last quarter. Royal Bank of Canada increased its stake in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF by 0.7% in the 1st quarter. Royal Bank of Canada now owns 201,025 shares of the company’s stock valued at $7,750,000 after purchasing an additional 1,421 shares during the last quarter. RiverFront Investment Group LLC increased its stake in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF by 14.9% in the 4th quarter. RiverFront Investment Group LLC now owns 128,484 shares of the company’s stock valued at $5,186,000 after purchasing an additional 16,642 shares during the last quarter. ARQ Wealth Advisors LLC raised its holdings in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF by 9.4% during the 1st quarter. ARQ Wealth Advisors LLC now owns 85,807 shares of the company’s stock worth $3,368,000 after buying an additional 7,351 shares in the last quarter. Finally, LPL Financial LLC raised its holdings in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF by 80.6% during the 4th quarter. LPL Financial LLC now owns 68,645 shares of the company’s stock worth $2,771,000 after buying an additional 30,626 shares in the last quarter.

About JPMorgan USD Emerging Markets Sovereign Bond ETF

The JPMorgan USD Emerging Markets Sovereign Bond ETF (JPMB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks an index of USD-denominated sovereign and quasi-sovereign debt securities from emerging markets. Securities are selected and weighted based on fundamental criteria. JPMB was launched on Jan 29, 2018 and is managed by JPMorgan Chase.