JPMorgan Income ETF (NYSEARCA:JPIE) Short Interest Up 330.5% in January

JPMorgan Income ETF (NYSEARCA:JPIE) was the target of a large increase in short interest in January. As of January 15th, there was short interest totaling 1,674,310 shares, an increase of 330.5% from the December 31st total of 388,886 shares. Based on an average trading volume of 2,446,577 shares, the days-to-cover ratio is presently 0.7 days. Currently, 1.0% of the company’s stock are short sold. Currently, 1.0% of the company’s stock are short sold. Based on an average trading volume of 2,446,577 shares, the days-to-cover ratio is presently 0.7 days.

JPMorgan Income ETF Trading Up 0.1%

JPIE stock traded up $0.04 during mid-day trading on Friday, hitting $46.49. 1,137,409 shares of the stock were exchanged, compared to its average volume of 1,871,708. The business has a fifty day moving average price of $46.37 and a 200 day moving average price of $46.34. JPMorgan Income ETF has a 12 month low of $45.01 and a 12 month high of $46.57.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of JPIE. American Financial Advisors LLC grew its position in shares of JPMorgan Income ETF by 1,427.5% during the third quarter. American Financial Advisors LLC now owns 257,284 shares of the company’s stock worth $11,941,000 after buying an additional 240,440 shares in the last quarter. MorganRosel Wealth Management LLC raised its position in shares of JPMorgan Income ETF by 22.5% in the 3rd quarter. MorganRosel Wealth Management LLC now owns 147,741 shares of the company’s stock valued at $6,857,000 after purchasing an additional 27,107 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its stake in JPMorgan Income ETF by 142.7% during the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 48,519 shares of the company’s stock worth $2,252,000 after acquiring an additional 28,531 shares during the period. Envestnet Portfolio Solutions Inc. increased its holdings in shares of JPMorgan Income ETF by 33.1% during the third quarter. Envestnet Portfolio Solutions Inc. now owns 130,053 shares of the company’s stock valued at $6,036,000 after purchasing an additional 32,374 shares during the period. Finally, Concurrent Investment Advisors LLC acquired a new position in shares of JPMorgan Income ETF in the 3rd quarter worth $635,000.

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.