Short Interest in JPMorgan Income ETF (NYSEARCA:JPIE) Grows By 499.6%

JPMorgan Income ETF (NYSEARCA:JPIE) was the recipient of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 830,117 shares, an increase of 499.6% from the July 30th total of 138,444 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 1,262,409 shares, the short-interest ratio is currently 0.7 days.

Institutional Trading of JPMorgan Income ETF

Several large investors have recently made changes to their positions in the business. Fagan Associates Inc. grew its stake in shares of JPMorgan Income ETF by 3.3% in the 4th quarter. Fagan Associates Inc. now owns 7,775 shares of the company’s stock valued at $360,000 after buying an additional 250 shares during the period. Archer Investment Corp raised its position in shares of JPMorgan Income ETF by 9.1% during the 1st quarter. Archer Investment Corp now owns 3,577 shares of the company’s stock valued at $165,000 after buying an additional 297 shares during the period. Summit Financial LLC raised its position in shares of JPMorgan Income ETF by 0.4% during the 4th quarter. Summit Financial LLC now owns 81,671 shares of the company’s stock valued at $3,798,000 after buying an additional 302 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in JPMorgan Income ETF by 26.4% in the second quarter. EverSource Wealth Advisors LLC now owns 1,642 shares of the company’s stock valued at $76,000 after acquiring an additional 343 shares during the last quarter. Finally, Beta Wealth Group Inc. lifted its holdings in JPMorgan Income ETF by 2.5% in the fourth quarter. Beta Wealth Group Inc. now owns 15,792 shares of the company’s stock valued at $731,000 after acquiring an additional 391 shares during the last quarter.

JPMorgan Income ETF Trading Up 0.2%

Shares of NYSEARCA:JPIE opened at $45.96 on Wednesday. JPMorgan Income ETF has a twelve month low of $45.65 and a twelve month high of $46.61. The company’s 50 day moving average is $45.88 and its 200 day moving average is $46.04.

About JPMorgan Income ETF

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.