Short Interest in JPMorgan Income ETF (NYSEARCA:JPIE) Expands By 249.9%

JPMorgan Income ETF (NYSEARCA:JPIE) was the target of a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 846,656 shares, an increase of 249.9% from the February 12th total of 242,003 shares. Based on an average daily trading volume, of 1,249,071 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.5% of the shares of the company are short sold. Currently, 0.5% of the shares of the company are short sold. Based on an average daily trading volume, of 1,249,071 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Investors Weigh In On JPMorgan Income ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Huntington National Bank purchased a new stake in JPMorgan Income ETF during the 4th quarter valued at $26,000. Parkworth Wealth Management Inc. purchased a new position in shares of JPMorgan Income ETF in the 2nd quarter worth $29,000. Imprint Wealth LLC bought a new stake in shares of JPMorgan Income ETF in the third quarter worth $33,000. ESL Trust Services LLC bought a new stake in shares of JPMorgan Income ETF in the third quarter worth $35,000. Finally, Central Pacific Bank Trust Division purchased a new stake in JPMorgan Income ETF during the fourth quarter valued at $35,000.

JPMorgan Income ETF Price Performance

JPIE traded down $0.11 during midday trading on Thursday, hitting $46.08. 1,144,018 shares of the company traded hands, compared to its average volume of 1,591,723. The company’s 50-day moving average is $46.38 and its 200 day moving average is $46.37. JPMorgan Income ETF has a 52 week low of $45.01 and a 52 week high of $46.61.

JPMorgan Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were issued a dividend of $0.2082 per share. The ex-dividend date of this dividend was Monday, March 2nd. This is a positive change from JPMorgan Income ETF’s previous monthly dividend of $0.20. This represents a c) annualized dividend and a dividend yield of 5.4%.

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.