JPMorgan USD Emerging Markets Sovereign Bond ETF (NYSEARCA:JPMB) Short Interest Update

JPMorgan USD Emerging Markets Sovereign Bond ETF (NYSEARCA:JPMB) saw a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 21,180 shares, a growth of 98.2% from the January 29th total of 10,686 shares. Based on an average daily volume of 8,659 shares, the days-to-cover ratio is presently 2.4 days. Currently, 1.2% of the company’s stock are sold short. Currently, 1.2% of the company’s stock are sold short. Based on an average daily volume of 8,659 shares, the days-to-cover ratio is presently 2.4 days.

JPMorgan USD Emerging Markets Sovereign Bond ETF Stock Performance

Shares of JPMorgan USD Emerging Markets Sovereign Bond ETF stock traded up $0.05 on Friday, hitting $40.88. 11,356 shares of the company’s stock traded hands, compared to its average volume of 12,553. JPMorgan USD Emerging Markets Sovereign Bond ETF has a 52-week low of $36.45 and a 52-week high of $40.90. The firm’s 50-day moving average is $40.51 and its 200 day moving average is $40.35.

JPMorgan USD Emerging Markets Sovereign Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were paid a dividend of $0.1821 per share. This represents a c) dividend on an annualized basis and a yield of 5.3%. The ex-dividend date was Monday, February 2nd.

Institutional Investors Weigh In On JPMorgan USD Emerging Markets Sovereign Bond ETF

Several hedge funds and other institutional investors have recently modified their holdings of JPMB. Bank of America Corp DE lifted its position in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF by 350.9% during the second quarter. Bank of America Corp DE now owns 69,174 shares of the company’s stock worth $2,695,000 after purchasing an additional 53,833 shares during the last quarter. Jane Street Group LLC acquired a new stake in JPMorgan USD Emerging Markets Sovereign Bond ETF during the second quarter valued at approximately $1,875,000. Bright Futures Wealth Management LLC. bought a new position in JPMorgan USD Emerging Markets Sovereign Bond ETF during the 3rd quarter worth approximately $1,443,000. LPL Financial LLC lifted its holdings in JPMorgan USD Emerging Markets Sovereign Bond ETF by 80.6% during the 4th quarter. LPL Financial LLC now owns 68,645 shares of the company’s stock worth $2,771,000 after buying an additional 30,626 shares during the last quarter. Finally, ARQ Wealth Advisors LLC grew its position in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF by 53.2% in the 3rd quarter. ARQ Wealth Advisors LLC now owns 76,238 shares of the company’s stock worth $3,077,000 after acquiring an additional 26,459 shares in the last quarter.

About JPMorgan USD Emerging Markets Sovereign Bond ETF

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.