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

JPMorgan Income ETF (NYSEARCA:JPIE) saw a large decline in short interest in the month of January. As of January 30th, there was short interest totaling 192,861 shares, a decline of 88.5% from the January 15th total of 1,674,310 shares. Based on an average trading volume of 1,297,010 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are short sold. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 1,297,010 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of JPMorgan Income ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. increased its stake in shares of JPMorgan Income ETF by 8.4% in the third quarter. JPMorgan Chase & Co. now owns 7,429,426 shares of the company’s stock worth $344,800,000 after acquiring an additional 578,800 shares during the period. Sequoia Financial Advisors LLC lifted its position in JPMorgan Income ETF by 21.3% during the fourth quarter. Sequoia Financial Advisors LLC now owns 5,592,163 shares of the company’s stock valued at $258,861,000 after purchasing an additional 982,593 shares during the period. Savant Capital LLC boosted its holdings in JPMorgan Income ETF by 10.2% in the third quarter. Savant Capital LLC now owns 3,538,263 shares of the company’s stock valued at $164,211,000 after purchasing an additional 328,043 shares during the last quarter. Heritage Financial Services LLC grew its position in JPMorgan Income ETF by 23.6% during the 4th quarter. Heritage Financial Services LLC now owns 2,848,628 shares of the company’s stock worth $131,863,000 after purchasing an additional 543,246 shares during the period. Finally, Envestnet Asset Management Inc. raised its stake in shares of JPMorgan Income ETF by 52.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 2,438,090 shares of the company’s stock valued at $113,152,000 after buying an additional 839,269 shares during the last quarter.

JPMorgan Income ETF Stock Up 0.1%

Shares of JPIE stock traded up $0.03 during mid-day trading on Tuesday, reaching $46.44. The stock had a trading volume of 982,341 shares, compared to its average volume of 1,774,916. JPMorgan Income ETF has a 1-year low of $45.01 and a 1-year high of $46.57. The business’s fifty day moving average is $46.37 and its 200-day moving average is $46.35.

JPMorgan Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were issued a $0.2036 dividend. This represents a c) annualized dividend and a yield of 5.3%. The ex-dividend date was Monday, February 2nd.

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.