JPMorgan International Bond Opportunities ETF (NYSEARCA:JPIB) Sees Significant Increase in Short Interest

JPMorgan International Bond Opportunities ETF (NYSEARCA:JPIB) was the target of a large increase in short interest in August. As of August 31st, there was short interest totaling 142,231 shares, an increase of 296.4% from the August 15th total of 35,877 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 250,676 shares, the days-to-cover ratio is presently 0.6 days.

JPMorgan International Bond Opportunities ETF Stock Down 0.2%

Shares of NYSEARCA JPIB traded down $0.08 during midday trading on Friday, hitting $47.10. The stock had a trading volume of 183,186 shares, compared to its average volume of 253,276. The business’s 50 day moving average is $47.85 and its 200-day moving average is $48.05. The company has a market cap of $2.08 billion, a P/E ratio of 4.86 and a beta of 0.24. JPMorgan International Bond Opportunities ETF has a 52 week low of $47.06 and a 52 week high of $49.42.

Hedge Funds Weigh In On JPMorgan International Bond Opportunities ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in JPIB. Jane Street Group LLC purchased a new position in shares of JPMorgan International Bond Opportunities ETF in the first quarter worth $1,781,000. JPMorgan Chase & Co. increased its holdings in JPMorgan International Bond Opportunities ETF by 78.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,601 shares of the company’s stock worth $272,000 after buying an additional 2,456 shares in the last quarter. Betterment LLC bought a new stake in JPMorgan International Bond Opportunities ETF in the 2nd quarter worth about $235,000. Raymond James Financial Inc. raised its position in JPMorgan International Bond Opportunities ETF by 26.5% in the 2nd quarter. Raymond James Financial Inc. now owns 443,234 shares of the company’s stock worth $21,550,000 after buying an additional 92,948 shares during the last quarter. Finally, Bank of America Corp DE raised its position in JPMorgan International Bond Opportunities ETF by 24.1% in the 2nd quarter. Bank of America Corp DE now owns 616,260 shares of the company’s stock worth $29,963,000 after buying an additional 119,627 shares during the last quarter.

JPMorgan International Bond Opportunities ETF Company Profile

The JPMorgan International Bond Opportunities ETF (JPIB) is an exchange-traded fund that is based on the Bloomberg U.S. Universal Bond index. The fund provides total return through the active management of a broad based, broad maturity bond portfolio reaching sectors in both developed and emerging markets around the world outside of the US. JPIB was launched on Apr 3, 2017 and is managed by JPMorgan Chase.