JPMorgan USD Emerging Markets Sovereign Bond ETF (NYSEARCA:JPMB) Sees Large Decline in Short Interest

JPMorgan USD Emerging Markets Sovereign Bond ETF (NYSEARCA:JPMB) was the recipient of a significant decline in short interest in October. As of October 15th, there was short interest totaling 114 shares, a decline of 99.8% from the September 30th total of 67,574 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 29,188 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Trading of JPMorgan USD Emerging Markets Sovereign Bond ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. ALM First Financial Advisors LLC bought a new stake in JPMorgan USD Emerging Markets Sovereign Bond ETF during the third quarter valued at about $6,870,000. Bank of America Corp DE grew its stake in JPMorgan USD Emerging Markets Sovereign Bond ETF by 7.6% in the first quarter. Bank of America Corp DE now owns 204,841 shares of the company’s stock valued at $8,041,000 after purchasing an additional 14,448 shares during the last quarter. Sound Income Strategies LLC purchased a new position in JPMorgan USD Emerging Markets Sovereign Bond ETF in the third quarter valued at about $19,125,000. Mather Group LLC. bought a new position in JPMorgan USD Emerging Markets Sovereign Bond ETF in the third quarter worth about $27,000. Finally, Farther Finance Advisors LLC raised its holdings in JPMorgan USD Emerging Markets Sovereign Bond ETF by 42.1% in the third quarter. Farther Finance Advisors LLC now owns 15,186 shares of the company’s stock worth $578,000 after purchasing an additional 4,498 shares in the last quarter.

JPMorgan USD Emerging Markets Sovereign Bond ETF Stock Up 0.4%

Shares of JPMB opened at $38.46 on Wednesday. The company has a 50 day moving average price of $38.80 and a 200-day moving average price of $39.71. JPMorgan USD Emerging Markets Sovereign Bond ETF has a fifty-two week low of $37.53 and a fifty-two week high of $40.90.

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.