JPMorgan Income ETF (NYSEARCA:JPIE) Sees Large Decrease in Short Interest

JPMorgan Income ETF (NYSEARCA:JPIE) was the target of a significant decrease in short interest in July. As of July 31st, there was short interest totaling 138,444 shares, a decrease of 41.1% from the July 15th total of 234,997 shares. Based on an average daily trading volume, of 1,460,302 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in JPIE. Huntington National Bank purchased a new stake in JPMorgan Income ETF in the 4th quarter valued at about $26,000. Rice Partnership LLC bought a new stake in JPMorgan Income ETF during the first quarter worth $30,000. Imprint Wealth LLC purchased a new position in JPMorgan Income ETF in the third quarter worth $33,000. Torren Management LLC purchased a new position in JPMorgan Income ETF in the first quarter worth $34,000. Finally, MidAtlantic Capital Management Inc. bought a new position in JPMorgan Income ETF in the 4th quarter valued at $35,000.

JPMorgan Income ETF Price Performance

NYSEARCA:JPIE traded up $0.02 during trading hours on Wednesday, hitting $45.90. 316,687 shares of the company traded hands, compared to its average volume of 1,424,129. The firm’s 50-day simple moving average is $45.89 and its 200-day simple moving average is $46.06. JPMorgan Income ETF has a one year low of $45.65 and a one year high of $46.61.

JPMorgan Income ETF Company Profile

The JPMorgan Income ETF (JPIE) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively-managed fund that allocates exposure among various fixed income markets and sectors. The fund seeks to provide yield with lower volatility and aims to generate monthly distributions. JPIE was launched on Oct 28, 2021 and is managed by JPMorgan Chase.