Short Interest in JPMorgan Income ETF (NYSEARCA:JPIE) Grows By 499.6%

JPMorgan Income ETF (NYSEARCA:JPIE) was the target of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 830,117 shares, a growth of 499.6% from the July 30th total of 138,444 shares. Based on an average trading volume of 1,262,409 shares, the short-interest ratio is currently 0.7 days. Currently, 0.4% of the company’s stock are sold short.

JPMorgan Income ETF Stock Performance

JPIE opened at $45.96 on Wednesday. The firm’s 50-day moving average price is $45.88 and its 200-day moving average price is $46.04. JPMorgan Income ETF has a 52-week low of $45.65 and a 52-week high of $46.61.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Morgan Stanley lifted its stake in shares of JPMorgan Income ETF by 25.8% during the fourth quarter. Morgan Stanley now owns 6,790,024 shares of the company’s stock worth $314,310,000 after buying an additional 1,393,857 shares during the period. Wells Fargo & Company MN raised its stake in JPMorgan Income ETF by 45.9% in the 4th quarter. Wells Fargo & Company MN now owns 3,759,117 shares of the company’s stock worth $174,009,000 after acquiring an additional 1,181,828 shares during the last quarter. Rockefeller Capital Management L.P. raised its stake in JPMorgan Income ETF by 1,680.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,131,981 shares of the company’s stock worth $52,399,000 after acquiring an additional 1,068,410 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in JPMorgan Income ETF by 21.3% during the 4th quarter. Sequoia Financial Advisors LLC now owns 5,592,163 shares of the company’s stock worth $258,861,000 after acquiring an additional 982,593 shares during the period. Finally, Arkadios Wealth Advisors lifted its position in JPMorgan Income ETF by 301.2% during the 1st quarter. Arkadios Wealth Advisors now owns 1,203,036 shares of the company’s stock worth $55,424,000 after acquiring an additional 903,176 shares during the period.

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.