JPMorgan USD Emerging Markets Sovereign Bond ETF (NYSEARCA:JPMB) Short Interest Up 98.2% in February

JPMorgan USD Emerging Markets Sovereign Bond ETF (NYSEARCA:JPMB) saw a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 21,180 shares, a growth of 98.2% from the January 29th total of 10,686 shares. Currently, 1.2% of the shares of the company are sold short. Based on an average daily volume of 8,659 shares, the days-to-cover ratio is currently 2.4 days. Based on an average daily volume of 8,659 shares, the days-to-cover ratio is currently 2.4 days. Currently, 1.2% of the shares of the company are sold short.

Institutional Investors Weigh In On JPMorgan USD Emerging Markets Sovereign Bond ETF

Several institutional investors have recently added to or reduced their stakes in JPMB. Royal Bank of Canada increased its stake in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF by 0.7% in the first quarter. Royal Bank of Canada now owns 201,025 shares of the company’s stock worth $7,750,000 after purchasing an additional 1,421 shares in the last quarter. RiverFront Investment Group LLC boosted its holdings in JPMorgan USD Emerging Markets Sovereign Bond ETF by 14.9% in the 4th quarter. RiverFront Investment Group LLC now owns 128,484 shares of the company’s stock worth $5,186,000 after buying an additional 16,642 shares during the period. Bank of America Corp DE grew its stake in JPMorgan USD Emerging Markets Sovereign Bond ETF by 23.8% in the 3rd quarter. Bank of America Corp DE now owns 85,656 shares of the company’s stock valued at $3,457,000 after buying an additional 16,482 shares in the last quarter. ARQ Wealth Advisors LLC grew its stake in JPMorgan USD Emerging Markets Sovereign Bond ETF by 2.9% in the 4th quarter. ARQ Wealth Advisors LLC now owns 78,456 shares of the company’s stock valued at $3,167,000 after buying an additional 2,218 shares in the last quarter. Finally, LPL Financial LLC raised its holdings in JPMorgan USD Emerging Markets Sovereign Bond ETF by 80.6% during the 4th quarter. LPL Financial LLC now owns 68,645 shares of the company’s stock valued at $2,771,000 after acquiring an additional 30,626 shares during the period.

JPMorgan USD Emerging Markets Sovereign Bond ETF Price Performance

NYSEARCA JPMB traded up $0.05 on Friday, hitting $40.88. 11,356 shares of the stock traded hands, compared to its average volume of 12,553. The business’s fifty day moving average is $40.51 and its two-hundred day moving average is $40.33. JPMorgan USD Emerging Markets Sovereign Bond ETF has a 12 month low of $36.45 and a 12 month high of $40.90.

JPMorgan USD Emerging Markets Sovereign Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were issued a $0.1821 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) annualized dividend and a yield of 5.3%.

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.