JPMorgan USD Emerging Markets Sovereign Bond ETF (NYSEARCA:JPMB) Short Interest Down 82.0% in January

JPMorgan USD Emerging Markets Sovereign Bond ETF (NYSEARCA:JPMB) was the recipient of a large decline in short interest in January. As of January 30th, there was short interest totaling 10,686 shares, a decline of 82.0% from the January 15th total of 59,530 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average trading volume of 10,313 shares, the short-interest ratio is presently 1.0 days. Based on an average trading volume of 10,313 shares, the short-interest ratio is presently 1.0 days. Currently, 0.6% of the company’s stock are short sold.

JPMorgan USD Emerging Markets Sovereign Bond ETF Stock Performance

Shares of JPMB stock traded up $0.08 during trading hours on Tuesday, reaching $40.58. 12,716 shares of the company’s stock were exchanged, compared to its average volume of 13,986. JPMorgan USD Emerging Markets Sovereign Bond ETF has a fifty-two week low of $36.45 and a fifty-two week high of $40.90. The stock’s 50 day moving average is $40.42 and its 200-day moving average is $40.21.

JPMorgan USD Emerging Markets Sovereign Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd were issued a $0.1821 dividend. This represents a c) annualized dividend and a dividend yield of 5.4%. The ex-dividend date of this dividend was Monday, February 2nd.

Institutional Trading of JPMorgan USD Emerging Markets Sovereign Bond ETF

A number of hedge funds have recently added to or reduced their stakes in JPMB. Mather Group LLC. acquired a new position in JPMorgan USD Emerging Markets Sovereign Bond ETF in the 3rd quarter valued at about $28,000. Osaic Holdings Inc. increased its holdings in JPMorgan USD Emerging Markets Sovereign Bond ETF by 8.1% in the second quarter. Osaic Holdings Inc. now owns 4,913 shares of the company’s stock valued at $191,000 after buying an additional 368 shares during the last quarter. 5T Wealth LLC acquired a new position in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF during the 4th quarter worth about $287,000. Convergence Financial LLC boosted its holdings in JPMorgan USD Emerging Markets Sovereign Bond ETF by 6.7% in the second quarter. Convergence Financial LLC now owns 8,279 shares of the company’s stock valued at $323,000 after purchasing an additional 519 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its holdings in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF by 77.2% in the 2nd quarter. Hsbc Holdings PLC now owns 13,766 shares of the company’s stock valued at $536,000 after buying an additional 5,998 shares in the last quarter.

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.