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

JPMorgan Income ETF (NYSEARCA:JPIE) saw a significant decrease in short interest in the month of January. As of January 30th, there was short interest totaling 192,861 shares, a decrease of 88.5% from the January 15th total of 1,674,310 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 1,297,010 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 1,297,010 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the company’s stock are short sold.

JPMorgan Income ETF Trading Up 0.1%

Shares of NYSEARCA:JPIE traded up $0.03 on Tuesday, reaching $46.44. The company had a trading volume of 982,341 shares, compared to its average volume of 1,774,916. JPMorgan Income ETF has a 52-week low of $45.01 and a 52-week high of $46.57. The firm’s 50 day simple moving average is $46.37 and its 200-day simple moving average is $46.35.

JPMorgan Income ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were paid a $0.2036 dividend. This represents a c) annualized dividend and a yield of 5.3%. The ex-dividend date was Monday, February 2nd.

Institutional Trading of JPMorgan Income ETF

Several hedge funds have recently modified their holdings of JPIE. Sequoia Financial Advisors LLC raised its stake in shares of JPMorgan Income ETF by 71.0% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 4,609,570 shares of the company’s stock worth $213,930,000 after acquiring an additional 1,914,053 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in JPMorgan Income ETF by 35.2% in the second quarter. JPMorgan Chase & Co. now owns 6,850,626 shares of the company’s stock valued at $317,321,000 after acquiring an additional 1,783,134 shares in the last quarter. Hilton Capital Management LLC purchased a new position in JPMorgan Income ETF in the second quarter worth $44,037,000. Envestnet Asset Management Inc. increased its position in shares of JPMorgan Income ETF by 52.5% during the third quarter. Envestnet Asset Management Inc. now owns 2,438,090 shares of the company’s stock worth $113,152,000 after purchasing an additional 839,269 shares in the last quarter. Finally, Savant Capital LLC lifted its holdings in shares of JPMorgan Income ETF by 28.5% during the 2nd quarter. Savant Capital LLC now owns 3,210,220 shares of the company’s stock valued at $148,697,000 after purchasing an additional 712,653 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.