JPMorgan Income ETF (NYSEARCA:JPIE) Sees Significant Drop in Short Interest

JPMorgan Income ETF (NYSEARCA:JPIE) was the recipient of a significant drop in short interest in October. As of October 15th, there was short interest totaling 145,835 shares, a drop of 74.3% from the September 30th total of 566,646 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 2,211,038 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. IFP Advisors Inc raised its position in shares of JPMorgan Income ETF by 254.7% in the third quarter. IFP Advisors Inc now owns 46,720 shares of the company’s stock valued at $2,097,000 after buying an additional 33,549 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in JPMorgan Income ETF by 11.7% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 7,131,321 shares of the company’s stock worth $328,397,000 after acquiring an additional 747,797 shares during the last quarter. William Mack & Associates Inc. increased its stake in shares of JPMorgan Income ETF by 82.9% in the second quarter. William Mack & Associates Inc. now owns 50,476 shares of the company’s stock valued at $2,324,000 after buying an additional 22,882 shares during the period. Kintra Wealth LLC lifted its stake in shares of JPMorgan Income ETF by 47.1% in the 2nd quarter. Kintra Wealth LLC now owns 848,974 shares of the company’s stock valued at $38,951,000 after purchasing an additional 271,777 shares during the period. Finally, Rehmann Capital Advisory Group acquired a new stake in shares of JPMorgan Income ETF in the 2nd quarter valued at about $1,250,000.

JPMorgan Income ETF Price Performance

Shares of JPMorgan Income ETF stock traded up $0.04 on Friday, reaching $45.23. The stock had a trading volume of 586,514 shares, compared to its average volume of 1,545,264. The business’s 50-day moving average price is $45.23 and its two-hundred day moving average price is $45.87. JPMorgan Income ETF has a fifty-two week low of $44.58 and a fifty-two week 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.