JPMorgan USD Emerging Markets Sovereign Bond ETF (NYSEARCA:JPMB) Short Interest Up 80.3% in March

JPMorgan USD Emerging Markets Sovereign Bond ETF (NYSEARCA:JPMB) saw a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 48,158 shares, a growth of 80.3% from the February 26th total of 26,706 shares. Based on an average daily volume of 16,490 shares, the days-to-cover ratio is currently 2.9 days. Currently, 2.8% of the shares of the company are short sold.

JPMorgan USD Emerging Markets Sovereign Bond ETF Trading Down 1.1%

Shares of JPMB opened at $39.03 on Friday. The firm has a fifty day simple moving average of $40.23 and a two-hundred day simple moving average of $40.36. JPMorgan USD Emerging Markets Sovereign Bond ETF has a 1-year low of $36.45 and a 1-year high of $40.90.

JPMorgan USD Emerging Markets Sovereign Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were given a dividend of $0.193 per share. This represents a c) dividend on an annualized basis and a yield of 5.9%. This is a boost from JPMorgan USD Emerging Markets Sovereign Bond ETF’s previous monthly dividend of $0.18. The ex-dividend date was Monday, March 2nd.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Bank of America Corp DE boosted its position in JPMorgan USD Emerging Markets Sovereign Bond ETF by 350.9% in 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 purchased a new stake in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF during the 2nd quarter valued at about $1,875,000. Bright Futures Wealth Management LLC. bought a new position in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF in the 3rd quarter worth approximately $1,443,000. LPL Financial LLC lifted its stake in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF by 80.6% in the 4th quarter. LPL Financial LLC now owns 68,645 shares of the company’s stock worth $2,771,000 after purchasing an additional 30,626 shares during the period. Finally, ARQ Wealth Advisors LLC boosted its holdings in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF by 53.2% in the third quarter. ARQ Wealth Advisors LLC now owns 76,238 shares of the company’s stock worth $3,077,000 after buying an additional 26,459 shares during 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.