Short Interest in JPMorgan Income ETF (NYSEARCA:JPIE) Decreases By 41.1%

JPMorgan Income ETF (NYSEARCA:JPIE) saw a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 138,444 shares, a decline of 41.1% from the July 15th total of 234,997 shares. Based on an average daily trading volume, of 1,460,302 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are sold short.

JPMorgan Income ETF Stock Performance

JPIE opened at $45.89 on Monday. JPMorgan Income ETF has a 12 month low of $45.65 and a 12 month high of $46.61. The company has a fifty day simple moving average of $45.89 and a 200 day simple moving average of $46.06.

Institutional Trading of JPMorgan Income ETF

A number of large investors have recently bought and sold shares of JPIE. Trust Co. of Vermont acquired a new stake in shares of JPMorgan Income ETF during the second quarter worth $95,000. Beacon Bank & Trust raised its stake in shares of JPMorgan Income ETF by 12.6% in the 2nd quarter. Beacon Bank & Trust now owns 106,930 shares of the company’s stock valued at $4,924,000 after purchasing an additional 11,956 shares during the period. Hudson Value Partners LLC raised its stake in shares of JPMorgan Income ETF by 4.7% in the 2nd quarter. Hudson Value Partners LLC now owns 15,324 shares of the company’s stock valued at $706,000 after purchasing an additional 689 shares during the period. Whitener Capital Management Inc. lifted its holdings in shares of JPMorgan Income ETF by 383.4% in the second quarter. Whitener Capital Management Inc. now owns 32,541 shares of the company’s stock valued at $1,499,000 after purchasing an additional 25,810 shares in the last quarter. Finally, Leverty Financial Group LLC acquired a new position in shares of JPMorgan Income ETF during the second quarter worth about $10,330,000.

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.