JPMorgan Income ETF (NYSEARCA:JPIE – Get Free Report) was the recipient of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 145,835 shares, a decrease of 74.3% from the September 30th total of 566,646 shares. Based on an average daily volume of 2,211,038 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are sold short.
JPMorgan Income ETF Price Performance
Shares of NYSEARCA:JPIE traded down $0.01 during midday trading on Wednesday, hitting $45.10. The stock had a trading volume of 1,425,666 shares, compared to its average volume of 1,548,777. JPMorgan Income ETF has a 12 month low of $44.58 and a 12 month high of $46.61. The business’s 50-day simple moving average is $45.26 and its 200-day simple moving average is $45.88.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the company. Rice Partnership LLC acquired a new stake in JPMorgan Income ETF in the 1st quarter valued at about $30,000. MADDEN SECURITIES Corp acquired a new position in JPMorgan Income ETF during the third quarter worth approximately $31,000. Torren Management LLC acquired a new position in JPMorgan Income ETF during the first quarter worth approximately $34,000. Kings Path Partners LLC bought a new stake in JPMorgan Income ETF in the third quarter valued at approximately $62,000. Finally, GK Wealth Management LLC bought a new stake in JPMorgan Income ETF in the third quarter valued at approximately $67,000.
JPMorgan Income ETF Company Profile
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.
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