JPMorgan Income ETF (NYSEARCA:JPIE) Stock Short Interest Rises 253.7%

JPMorgan Income ETF (NYSEARCA:JPIE – Get Free Report) was the target of a large increase in short interest during the month of October. As of October 30th, there was short interest totaling 515,886 shares, an increase of 253.7% from the October 15th total of 145,835 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 1,962,375 shares, the short-interest ratio is currently 0.3 days.

JPMorgan Income ETF Stock Performance

JPIE traded down $0.15 during trading on Thursday, reaching $44.86. The company had a trading volume of 1,618,006 shares, compared to its average volume of 1,591,093. The business’s fifty day moving average price is $45.10 and its 200 day moving average price is $45.81. JPMorgan Income ETF has a 12 month low of $44.58 and a 12 month high of $46.61.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Rice Partnership LLC bought a new stake in JPMorgan Income ETF in the first quarter valued at approximately $30,000. MADDEN SECURITIES Corp purchased a new stake in shares of JPMorgan Income ETF during the 3rd quarter valued at $31,000. Kings Path Partners LLC purchased a new position in shares of JPMorgan Income ETF during the 3rd quarter valued at $62,000. GK Wealth Management LLC bought a new position in shares of JPMorgan Income ETF in the third quarter worth $67,000. Finally, NFSG Corp increased its stake in JPMorgan Income ETF by 141.4% in the 3rd quarter. NFSG Corp now owns 1,859 shares of the company’s stock worth $83,000 after acquiring an additional 1,089 shares during the last quarter.

JPMorgan Income ETF Company Profile

(Get Free Report)

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.

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