JPMorgan USD Emerging Markets Sovereign Bond ETF (NYSEARCA:JPMB) Sees Significant Growth in Short Interest

JPMorgan USD Emerging Markets Sovereign Bond ETF (NYSEARCA:JPMB) was the recipient of a large growth in short interest in January. As of January 15th, there was short interest totaling 59,530 shares, a growth of 55.2% from the December 31st total of 38,357 shares. Currently, 3.5% of the shares of the stock are short sold. Based on an average trading volume of 21,766 shares, the days-to-cover ratio is presently 2.7 days. Based on an average trading volume of 21,766 shares, the days-to-cover ratio is presently 2.7 days. Currently, 3.5% of the shares of the stock are short sold.

JPMorgan USD Emerging Markets Sovereign Bond ETF Trading Up 0.0%

Shares of NYSEARCA JPMB traded up $0.01 during trading on Friday, reaching $40.44. The company had a trading volume of 2,573 shares, compared to its average volume of 15,984. JPMorgan USD Emerging Markets Sovereign Bond ETF has a 52 week low of $36.45 and a 52 week high of $40.90. The business’s 50 day moving average price is $40.44 and its 200-day moving average price is $40.14.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in JPMB. Royal Bank of Canada grew its position in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF by 0.7% during the 1st quarter. Royal Bank of Canada now owns 201,025 shares of the company’s stock worth $7,750,000 after buying an additional 1,421 shares during the period. Pure Financial Advisors LLC boosted its stake in JPMorgan USD Emerging Markets Sovereign Bond ETF by 9.8% in the second quarter. Pure Financial Advisors LLC now owns 15,337 shares of the company’s stock valued at $598,000 after acquiring an additional 1,363 shares during the last quarter. Convergence Financial LLC grew its holdings in JPMorgan USD Emerging Markets Sovereign Bond ETF by 6.7% during the 2nd quarter. Convergence Financial LLC now owns 8,279 shares of the company’s stock worth $323,000 after acquiring an additional 519 shares during the period. Hsbc Holdings PLC grew its holdings in JPMorgan USD Emerging Markets Sovereign Bond ETF by 77.2% during the 2nd quarter. Hsbc Holdings PLC now owns 13,766 shares of the company’s stock worth $536,000 after acquiring an additional 5,998 shares during the period. Finally, Jane Street Group LLC bought a new stake in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF during the 2nd quarter valued at $1,875,000.

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.