JPMorgan Core Plus Bond ETF (NYSEARCA:JCPB) Sees Large Drop in Short Interest

JPMorgan Core Plus Bond ETF (NYSEARCA:JCPB) was the recipient of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 133,249 shares, a decline of 88.2% from the August 15th total of 1,128,821 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 1,540,314 shares, the days-to-cover ratio is currently 0.1 days.

JPMorgan Core Plus Bond ETF Stock Performance

Shares of NYSEARCA:JCPB traded down $0.28 during midday trading on Thursday, reaching $45.53. 2,139,021 shares of the company’s stock were exchanged, compared to its average volume of 1,800,071. The company’s 50 day simple moving average is $46.26 and its two-hundred day simple moving average is $46.76. The firm has a market capitalization of $13.77 billion, a PE ratio of 60.35 and a beta of 0.26. JPMorgan Core Plus Bond ETF has a 12 month low of $45.50 and a 12 month high of $48.17.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in JCPB. Larson Financial Group LLC lifted its stake in JPMorgan Core Plus Bond ETF by 16.6% during the fourth quarter. Larson Financial Group LLC now owns 2,315 shares of the company’s stock worth $110,000 after purchasing an additional 329 shares during the period. Stonehearth Capital Management LLC grew its stake in shares of JPMorgan Core Plus Bond ETF by 4.6% in the 1st quarter. Stonehearth Capital Management LLC now owns 7,576 shares of the company’s stock valued at $357,000 after purchasing an additional 331 shares during the period. Creative Financial Designs Inc. ADV raised its holdings in shares of JPMorgan Core Plus Bond ETF by 47.9% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 1,034 shares of the company’s stock worth $49,000 after buying an additional 335 shares in the last quarter. Kingsview Wealth Management LLC raised its holdings in shares of JPMorgan Core Plus Bond ETF by 1.4% in the 4th quarter. Kingsview Wealth Management LLC now owns 25,945 shares of the company’s stock worth $1,228,000 after buying an additional 350 shares in the last quarter. Finally, Etesian Wealth Advisors Inc. lifted its position in shares of JPMorgan Core Plus Bond ETF by 1.0% during the 4th quarter. Etesian Wealth Advisors Inc. now owns 44,830 shares of the company’s stock worth $2,123,000 after buying an additional 437 shares during the period.

About JPMorgan Core Plus Bond ETF

The JPMorgan Core Plus Bond ETF (JCPB) is an exchange-traded fund that is based on the Bloomberg Global Aggregate Bond index. The fund is an actively-managed ETF consisting of a broad array of fixed income securities. JCPB was launched on Jan 28, 2019 and is managed by JPMorgan Chase.