JPMorgan Income ETF (NYSEARCA:JPIE – Get Free Report) was the target of a significant decrease in short interest in August. As of August 31st, there was short interest totaling 285,684 shares, a decrease of 65.6% from the August 15th total of 830,117 shares. Based on an average daily trading volume, of 1,459,058 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are short sold.
Institutional Trading of JPMorgan Income ETF
Hedge funds have recently bought and sold shares of the business. Huntington National Bank acquired a new position in shares of JPMorgan Income ETF during the 4th quarter worth approximately $26,000. Rice Partnership LLC acquired a new stake in shares of JPMorgan Income ETF in the first quarter valued at approximately $30,000. Imprint Wealth LLC acquired a new stake in shares of JPMorgan Income ETF in the third quarter valued at approximately $33,000. Torren Management LLC purchased a new position in JPMorgan Income ETF during the first quarter worth approximately $34,000. Finally, MidAtlantic Capital Management Inc. purchased a new position in JPMorgan Income ETF during the fourth quarter worth approximately $35,000.
JPMorgan Income ETF Price Performance
Shares of NYSEARCA JPIE traded down $0.01 during mid-day trading on Friday, reaching $45.42. The company’s stock had a trading volume of 4,313,622 shares, compared to its average volume of 1,457,564. The stock has a 50-day moving average of $45.80 and a two-hundred day moving average of $45.97. JPMorgan Income ETF has a 1-year low of $45.39 and a 1-year high of $46.61.
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.
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