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

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Sound Income Strategies LLC acquired a new stake in JPMorgan USD Emerging Markets Sovereign Bond ETF in the third quarter worth $19,125,000. Bank of America Corp DE increased 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 in the last quarter. ALM First Financial Advisors LLC acquired a new position in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF during the third quarter valued at about $6,870,000. ARQ Wealth Advisors LLC raised its holdings in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF by 9.4% during the first quarter. ARQ Wealth Advisors LLC now owns 85,807 shares of the company’s stock valued at $3,368,000 after purchasing an additional 7,351 shares during the period. Finally, Hsbc Holdings PLC raised its holdings in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF by 34.9% during the first quarter. Hsbc Holdings PLC now owns 37,255 shares of the company’s stock valued at $1,462,000 after purchasing an additional 9,630 shares during the period.

JPMorgan USD Emerging Markets Sovereign Bond ETF Stock Performance

Shares of NYSEARCA:JPMB traded down $0.08 during mid-day trading on Monday, hitting $38.30. The company had a trading volume of 5,607 shares, compared to its average volume of 15,294. The firm has a fifty day moving average price of $38.83 and a 200 day moving average price of $39.72. JPMorgan USD Emerging Markets Sovereign Bond ETF has a one year low of $37.53 and a one year 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.