Short Interest in JPMorgan Active Bond ETF (NYSE:JBND) Declines By 71.0%

JPMorgan Active Bond ETF (NYSE:JBND) saw a significant decline in short interest in August. As of August 31st, there was short interest totaling 78,789 shares, a decline of 71.0% from the August 15th total of 271,950 shares. Based on an average daily volume of 901,333 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

JPMorgan Active Bond ETF Price Performance

JBND stock traded down $0.07 during midday trading on Friday, hitting $51.88. The stock had a trading volume of 752,824 shares, compared to its average volume of 962,952. The business has a 50-day moving average of $52.73 and a two-hundred day moving average of $53.34. JPMorgan Active Bond ETF has a 52-week low of $51.85 and a 52-week high of $55.78.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Goldman Sachs Group Inc. purchased a new stake in JPMorgan Active Bond ETF in the first quarter worth about $10,586,000. Cary Street Partners Financial LLC lifted its holdings in shares of JPMorgan Active Bond ETF by 414.7% during the second quarter. Cary Street Partners Financial LLC now owns 1,925 shares of the company’s stock valued at $103,000 after purchasing an additional 1,551 shares during the last quarter. Vienna Asset Management LLC boosted its position in shares of JPMorgan Active Bond ETF by 20.8% in the 2nd quarter. Vienna Asset Management LLC now owns 40,577 shares of the company’s stock worth $2,175,000 after purchasing an additional 6,975 shares in the last quarter. Bank of America Corp DE bought a new stake in shares of JPMorgan Active Bond ETF in the 2nd quarter worth approximately $18,593,000. Finally, MML Investors Services LLC grew its stake in shares of JPMorgan Active Bond ETF by 20.4% in the 2nd quarter. MML Investors Services LLC now owns 934,225 shares of the company’s stock worth $50,065,000 after buying an additional 158,229 shares during the last quarter.

About JPMorgan Active Bond ETF

The JPMorgan Active Bond ETF (JBND) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively managed, investing in a diverse portfolio of U.S. dollar-denominated, investment grade bonds JBND was launched on Oct 11, 2023 and is issued by JPMorgan Chase.