JPMorgan USD Emerging Markets Sovereign Bond ETF (NYSEARCA:JPMB) Short Interest Down 68.0% in July

JPMorgan USD Emerging Markets Sovereign Bond ETF (NYSEARCA:JPMB) saw a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 15,080 shares, a drop of 68.0% from the June 30th total of 47,107 shares. Based on an average daily volume of 13,504 shares, the days-to-cover ratio is currently 1.1 days. Approximately 0.9% of the shares of the company are sold short.

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

Hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC raised its holdings in JPMorgan USD Emerging Markets Sovereign Bond ETF by 138.0% in the 2nd quarter. GAMMA Investing LLC now owns 983 shares of the company’s stock valued at $40,000 after acquiring an additional 570 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF by 7.6% during the 1st quarter. Bank of America Corp DE now owns 204,841 shares of the company’s stock worth $8,041,000 after purchasing an additional 14,448 shares in the last quarter. Royal Bank of Canada increased its position in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF by 750.0% in the first quarter. Royal Bank of Canada now owns 2,550 shares of the company’s stock worth $100,000 after purchasing an additional 2,250 shares during the period. ARQ Wealth Advisors LLC increased its position in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF by 9.4% in the first quarter. ARQ Wealth Advisors LLC now owns 85,807 shares of the company’s stock worth $3,368,000 after purchasing an additional 7,351 shares during the period. Finally, Hsbc Holdings PLC raised its stake in JPMorgan USD Emerging Markets Sovereign Bond ETF by 34.9% in the first quarter. Hsbc Holdings PLC now owns 37,255 shares of the company’s stock valued at $1,462,000 after purchasing an additional 9,630 shares in the last quarter.

JPMorgan USD Emerging Markets Sovereign Bond ETF Trading Up 0.0%

NYSEARCA JPMB opened at $39.50 on Friday. JPMorgan USD Emerging Markets Sovereign Bond ETF has a 1-year low of $38.79 and a 1-year high of $40.90. The company has a 50 day moving average of $39.98 and a 200-day moving average of $40.06.

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.