Short Interest in JPMorgan USD Emerging Markets Sovereign Bond ETF (NYSEARCA:JPMB) Grows By 156.7%

JPMorgan USD Emerging Markets Sovereign Bond ETF (NYSEARCA:JPMB) saw a large growth in short interest in May. As of May 15th, there was short interest totaling 4,512 shares, a growth of 156.7% from the April 30th total of 1,758 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 9,416 shares, the days-to-cover ratio is presently 0.5 days.

Hedge Funds Weigh In On JPMorgan USD Emerging Markets Sovereign Bond ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bright Futures Wealth Management LLC. acquired a new position in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF in the 3rd quarter valued at approximately $1,443,000. RiverFront Investment Group LLC increased its position in JPMorgan USD Emerging Markets Sovereign Bond ETF by 14.9% during the 4th quarter. RiverFront Investment Group LLC now owns 128,484 shares of the company’s stock worth $5,186,000 after purchasing an additional 16,642 shares in the last quarter. ARQ Wealth Advisors LLC lifted its stake in 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 valued at $3,077,000 after purchasing an additional 26,459 shares during the last quarter. Osaic Holdings Inc. lifted its stake in JPMorgan USD Emerging Markets Sovereign Bond ETF by 8.1% in the 2nd quarter. Osaic Holdings Inc. now owns 4,913 shares of the company’s stock valued at $191,000 after purchasing an additional 368 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in JPMorgan USD Emerging Markets Sovereign Bond ETF in the 2nd quarter valued at approximately $1,875,000.

JPMorgan USD Emerging Markets Sovereign Bond ETF Price Performance

Shares of NYSEARCA:JPMB traded up $0.11 during midday trading on Friday, hitting $40.26. The stock had a trading volume of 3,947 shares, compared to its average volume of 12,288. The company’s 50-day moving average price is $39.76 and its 200-day moving average price is $40.18. JPMorgan USD Emerging Markets Sovereign Bond ETF has a fifty-two week low of $37.84 and a fifty-two week high of $40.90.

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.