Short Interest in JPMorgan Income ETF (NYSEARCA:JPIE) Drops By 41.1%

JPMorgan Income ETF (NYSEARCA:JPIE) was the recipient of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 138,444 shares, a decline of 41.1% from the July 15th total of 234,997 shares. Based on an average daily trading volume, of 1,460,302 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Investors Weigh In On JPMorgan Income ETF

A number of institutional investors have recently modified their holdings of the business. Fagan Associates Inc. boosted its position in JPMorgan Income ETF by 3.3% during the 4th quarter. Fagan Associates Inc. now owns 7,775 shares of the company’s stock valued at $360,000 after purchasing an additional 250 shares during the period. Summit Wealth Partners LLC lifted its stake in JPMorgan Income ETF by 3.9% in the fourth quarter. Summit Wealth Partners LLC now owns 7,012 shares of the company’s stock valued at $325,000 after buying an additional 260 shares during the last quarter. Archer Investment Corp lifted its stake in JPMorgan Income ETF by 9.1% in the first quarter. Archer Investment Corp now owns 3,577 shares of the company’s stock valued at $165,000 after buying an additional 297 shares during the last quarter. Summit Financial LLC boosted its holdings in shares of JPMorgan Income ETF by 0.4% during the fourth quarter. Summit Financial LLC now owns 81,671 shares of the company’s stock valued at $3,798,000 after acquiring an additional 302 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of JPMorgan Income ETF by 26.4% during the second quarter. EverSource Wealth Advisors LLC now owns 1,642 shares of the company’s stock valued at $76,000 after acquiring an additional 343 shares during the period.

JPMorgan Income ETF Stock Performance

Shares of JPIE traded up $0.01 during trading on Tuesday, reaching $45.88. The company’s stock had a trading volume of 1,760,133 shares, compared to its average volume of 1,431,865. The company has a fifty day moving average of $45.89 and a two-hundred day moving average of $46.06. JPMorgan Income ETF has a twelve month low of $45.65 and a twelve month high of $46.61.

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.