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

JPMorgan USD Emerging Markets Sovereign Bond ETF (NYSEARCA:JPMB) saw a large decrease in short interest during the month of January. As of January 30th, there was short interest totaling 10,686 shares, a decrease of 82.0% from the January 15th total of 59,530 shares. Approximately 0.6% of the company’s stock are sold short. Based on an average daily trading volume, of 10,313 shares, the days-to-cover ratio is presently 1.0 days. Based on an average daily trading volume, of 10,313 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.6% of the company’s stock are sold short.

Institutional Trading of JPMorgan USD Emerging Markets Sovereign Bond ETF

Institutional investors have recently modified their holdings of the business. Royal Bank of Canada grew its position in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF by 0.7% in the 1st quarter. Royal Bank of Canada now owns 201,025 shares of the company’s stock worth $7,750,000 after buying an additional 1,421 shares during the last quarter. RiverFront Investment Group LLC increased its position in JPMorgan USD Emerging Markets Sovereign Bond ETF by 14.9% during the 4th quarter. RiverFront Investment Group LLC now owns 128,484 shares of the company’s stock valued at $5,186,000 after buying an additional 16,642 shares in the last quarter. Bank of America Corp DE raised its position in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF by 23.8% in the 3rd quarter. Bank of America Corp DE now owns 85,656 shares of the company’s stock worth $3,457,000 after purchasing an additional 16,482 shares during the last quarter. ARQ Wealth Advisors LLC lifted its stake in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF by 2.9% in the fourth quarter. ARQ Wealth Advisors LLC now owns 78,456 shares of the company’s stock worth $3,167,000 after buying an additional 2,218 shares in the last quarter. Finally, Equitable Holdings Inc. lifted its position in JPMorgan USD Emerging Markets Sovereign Bond ETF by 4.4% in the 3rd quarter. Equitable Holdings Inc. now owns 55,877 shares of the company’s stock valued at $2,255,000 after acquiring an additional 2,371 shares in the last quarter.

JPMorgan USD Emerging Markets Sovereign Bond ETF Price Performance

JPMB stock traded up $0.08 during midday trading on Tuesday, hitting $40.58. The stock had a trading volume of 12,716 shares, compared to its average volume of 13,986. JPMorgan USD Emerging Markets Sovereign Bond ETF has a 1-year low of $36.45 and a 1-year high of $40.90. The business has a fifty day moving average price of $40.42 and a two-hundred day moving average price of $40.21.

JPMorgan USD Emerging Markets Sovereign Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were issued a $0.1821 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date of this dividend was Monday, February 2nd.

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.