JPMorgan Income ETF (NYSEARCA:JPIE) Short Interest Up 249.9% in February

JPMorgan Income ETF (NYSEARCA:JPIE) was the target of a large growth in short interest in February. As of February 27th, there was short interest totaling 846,656 shares, a growth of 249.9% from the February 12th total of 242,003 shares. Based on an average daily volume of 1,249,071 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.5% of the shares of the stock are sold short. Currently, 0.5% of the shares of the stock are sold short. Based on an average daily volume of 1,249,071 shares, the days-to-cover ratio is presently 0.7 days.

JPMorgan Income ETF Price Performance

JPMorgan Income ETF stock traded down $0.03 during midday trading on Wednesday, hitting $46.19. 1,116,413 shares of the company’s stock were exchanged, compared to its average volume of 1,597,542. The stock has a 50-day moving average price of $46.39 and a two-hundred day moving average price of $46.38. JPMorgan Income ETF has a 52-week low of $45.01 and a 52-week high of $46.61.

JPMorgan Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were given a $0.2082 dividend. This represents a c) annualized dividend and a dividend yield of 5.4%. This is a positive change from JPMorgan Income ETF’s previous monthly dividend of $0.20. The ex-dividend date was Monday, March 2nd.

Institutional Investors Weigh In On JPMorgan Income ETF

Several hedge funds have recently added to or reduced their stakes in the company. S Harris Financial Group LLC purchased a new stake in JPMorgan Income ETF in the fourth quarter worth approximately $8,903,000. NCM Capital Management LLC lifted its holdings in shares of JPMorgan Income ETF by 145.9% in the 4th quarter. NCM Capital Management LLC now owns 15,000 shares of the company’s stock worth $694,000 after acquiring an additional 8,900 shares during the last quarter. Nolet Wealth Management LLC bought a new position in shares of JPMorgan Income ETF during the 4th quarter valued at $1,909,000. Larch Capital Partners LLC bought a new position in shares of JPMorgan Income ETF during the 4th quarter valued at $6,548,000. Finally, Cambient Family Office LLC purchased a new position in JPMorgan Income ETF in the 4th quarter worth $151,000.

About JPMorgan Income ETF

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.