Short Interest in JPMorgan USD Emerging Markets Sovereign Bond ETF (NYSEARCA:JPMB) Decreases By 57.6%

JPMorgan USD Emerging Markets Sovereign Bond ETF (NYSEARCA:JPMB) was the target of a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 1,758 shares, a drop of 57.6% from the April 15th total of 4,147 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 8,233 shares, the days-to-cover ratio is presently 0.2 days.

JPMorgan USD Emerging Markets Sovereign Bond ETF Stock Performance

Shares of JPMB traded down $0.27 during midday trading on Friday, hitting $39.58. The company had a trading volume of 4,113 shares, compared to its average volume of 12,857. The company’s 50-day simple moving average is $39.77 and its 200-day simple moving average is $40.24. JPMorgan USD Emerging Markets Sovereign Bond ETF has a 1 year low of $37.65 and a 1 year high of $40.90.

Hedge Funds Weigh In On JPMorgan USD Emerging Markets Sovereign Bond ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. ARQ Wealth Advisors LLC boosted its stake in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF by 9.4% in the 1st quarter. ARQ Wealth Advisors LLC now owns 85,807 shares of the company’s stock valued at $3,368,000 after buying an additional 7,351 shares during the period. Hsbc Holdings PLC boosted its stake in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF by 34.9% in the 1st quarter. Hsbc Holdings PLC now owns 37,255 shares of the company’s stock valued at $1,462,000 after buying an additional 9,630 shares during the period. Forthright Family Wealth Advisory LLC boosted its stake in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF by 7.3% in the 4th quarter. Forthright Family Wealth Advisory LLC now owns 28,906 shares of the company’s stock valued at $1,167,000 after buying an additional 1,973 shares during the period. LPL Financial LLC boosted its stake in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF by 80.6% in the 4th quarter. LPL Financial LLC now owns 68,645 shares of the company’s stock valued at $2,771,000 after buying an additional 30,626 shares during the period. Finally, RiverFront Investment Group LLC boosted its stake in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF by 14.9% in 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 during the period.

JPMorgan USD Emerging Markets Sovereign Bond ETF Company Profile

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.