Short Interest in JPMorgan Income ETF (NYSEARCA:JPIE) Grows By 249.9%

JPMorgan Income ETF (NYSEARCA:JPIE) saw a significant increase in short interest during the month of February. As of February 27th, there was short interest totaling 846,656 shares, an increase of 249.9% from the February 12th total of 242,003 shares. Approximately 0.5% of the company’s stock are sold short. Based on an average daily volume of 1,249,071 shares, the short-interest ratio is currently 0.7 days. Based on an average daily volume of 1,249,071 shares, the short-interest ratio is currently 0.7 days. Approximately 0.5% of the company’s stock are sold short.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Global View Capital Management LLC raised its holdings in shares of JPMorgan Income ETF by 3.3% in the 4th quarter. Global View Capital Management LLC now owns 6,945 shares of the company’s stock worth $321,000 after purchasing an additional 220 shares during the period. Steinberganna Wealth Management lifted its position in shares of JPMorgan Income ETF by 1.8% during the 4th quarter. Steinberganna Wealth Management now owns 13,806 shares of the company’s stock valued at $639,000 after buying an additional 246 shares during the last quarter. Fagan Associates Inc. increased its holdings in JPMorgan Income ETF by 3.3% in the 4th quarter. Fagan Associates Inc. now owns 7,775 shares of the company’s stock worth $360,000 after acquiring an additional 250 shares during the last quarter. Summit Wealth Partners LLC raised its stake in JPMorgan Income ETF by 3.9% in the 4th quarter. Summit Wealth Partners LLC now owns 7,012 shares of the company’s stock valued at $325,000 after acquiring an additional 260 shares during the period. Finally, Cary Street Partners Investment Advisory LLC lifted its holdings in JPMorgan Income ETF by 3.1% during the second quarter. Cary Street Partners Investment Advisory LLC now owns 9,548 shares of the company’s stock valued at $442,000 after purchasing an additional 289 shares during the last quarter.

JPMorgan Income ETF Trading Down 0.1%

NYSEARCA:JPIE traded down $0.03 on Wednesday, hitting $46.19. The stock had a trading volume of 1,116,413 shares, compared to its average volume of 1,597,542. JPMorgan Income ETF has a 1 year low of $45.01 and a 1 year high of $46.61. The firm’s fifty day simple moving average is $46.39 and its two-hundred day simple moving average is $46.38.

JPMorgan Income ETF Increases Dividend

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

About JPMorgan Income ETF

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.