JPMorgan Income ETF (NYSEARCA:JPIE) Short Interest Update

JPMorgan Income ETF (NYSEARCA:JPIE) saw a significant growth in short interest in February. As of February 13th, there was short interest totaling 242,003 shares, a growth of 25.5% from the January 29th total of 192,861 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 1,498,538 shares, the short-interest ratio is currently 0.2 days. Based on an average trading volume of 1,498,538 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are short sold.

JPMorgan Income ETF Trading Down 0.0%

Shares of NYSEARCA:JPIE traded down $0.02 during trading on Wednesday, hitting $46.28. The company’s stock had a trading volume of 1,669,884 shares, compared to its average volume of 1,637,612. JPMorgan Income ETF has a fifty-two week low of $45.01 and a fifty-two week high of $46.61. The stock’s 50-day moving average price is $46.41 and its two-hundred day moving average price is $46.38.

JPMorgan Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd will be given a $0.2082 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date of this dividend is Monday, March 2nd. This is a positive change from JPMorgan Income ETF’s previous monthly dividend of $0.20.

Institutional Trading of JPMorgan Income ETF

A number of hedge funds have recently made changes to their positions in the stock. American Financial Advisors LLC grew its holdings in JPMorgan Income ETF by 1,427.5% during the third quarter. American Financial Advisors LLC now owns 257,284 shares of the company’s stock valued at $11,941,000 after purchasing an additional 240,440 shares during the last quarter. MorganRosel Wealth Management LLC boosted its holdings in shares of JPMorgan Income ETF by 22.5% during the 3rd quarter. MorganRosel Wealth Management LLC now owns 147,741 shares of the company’s stock worth $6,857,000 after buying an additional 27,107 shares during the period. Envestnet Portfolio Solutions Inc. grew its stake in JPMorgan Income ETF by 33.1% in the 3rd quarter. Envestnet Portfolio Solutions Inc. now owns 130,053 shares of the company’s stock valued at $6,036,000 after buying an additional 32,374 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its holdings in JPMorgan Income ETF by 142.7% in the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 48,519 shares of the company’s stock worth $2,252,000 after acquiring an additional 28,531 shares during the period. Finally, Commonwealth Equity Services LLC lifted its position in JPMorgan Income ETF by 5.5% during the 3rd quarter. Commonwealth Equity Services LLC now owns 401,410 shares of the company’s stock worth $18,629,000 after acquiring an additional 21,085 shares during the last quarter.

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.