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

JPMorgan Income ETF (NYSEARCA:JPIE) was the target of a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 46,470 shares, a decline of 94.5% from the February 26th total of 846,656 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 1,447,476 shares, the short-interest ratio is presently 0.0 days. Based on an average daily volume of 1,447,476 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

JPMorgan Income ETF Stock Down 0.2%

Shares of NYSEARCA JPIE traded down $0.10 during trading on Tuesday, hitting $45.92. 1,187,847 shares of the company were exchanged, compared to its average volume of 1,540,685. The company has a fifty day moving average price of $46.33 and a 200-day moving average price of $46.35. JPMorgan Income ETF has a 12-month low of $45.01 and a 12-month high of $46.61.

JPMorgan Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were given a dividend of $0.2082 per share. The ex-dividend date was Monday, March 2nd. This is an increase from JPMorgan Income ETF’s previous monthly dividend of $0.20. This represents a c) annualized dividend and a yield of 5.4%.

Hedge Funds Weigh In On JPMorgan Income ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. American Financial Advisors LLC raised its position in shares of JPMorgan Income ETF by 1,427.5% during the 3rd quarter. American Financial Advisors LLC now owns 257,284 shares of the company’s stock valued at $11,941,000 after buying an additional 240,440 shares during the period. MorganRosel Wealth Management LLC lifted its holdings in JPMorgan Income ETF by 22.5% in the third quarter. MorganRosel Wealth Management LLC now owns 147,741 shares of the company’s stock valued at $6,857,000 after acquiring an additional 27,107 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its position in JPMorgan Income ETF by 33.1% in the third quarter. Envestnet Portfolio Solutions Inc. now owns 130,053 shares of the company’s stock worth $6,036,000 after acquiring an additional 32,374 shares during the period. Commonwealth Equity Services LLC grew its position in JPMorgan Income ETF by 5.5% in the third quarter. Commonwealth Equity Services LLC now owns 401,410 shares of the company’s stock worth $18,629,000 after acquiring an additional 21,085 shares during the period. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its stake in JPMorgan Income ETF by 142.7% during the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 48,519 shares of the company’s stock worth $2,252,000 after acquiring an additional 28,531 shares during the last quarter.

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.