JPMorgan Income ETF (NYSEARCA:JPIE) Short Interest Update

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Huntington National Bank acquired a new position in JPMorgan Income ETF in the fourth quarter valued at about $26,000. Rice Partnership LLC acquired a new stake in shares of JPMorgan Income ETF in the 1st quarter valued at approximately $30,000. Imprint Wealth LLC bought a new position in JPMorgan Income ETF during the 3rd quarter worth approximately $33,000. Torren Management LLC bought a new position in JPMorgan Income ETF during the 1st quarter worth approximately $34,000. Finally, MidAtlantic Capital Management Inc. acquired a new position in JPMorgan Income ETF during the fourth quarter valued at approximately $35,000.

JPMorgan Income ETF Stock Performance

Shares of NYSEARCA JPIE opened at $45.89 on Monday. JPMorgan Income ETF has a fifty-two week low of $45.65 and a fifty-two week high of $46.61. The company’s 50 day simple moving average is $45.89 and its 200 day simple moving average is $46.06.

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.