Short Interest in JPMorgan International Bond Opportunities ETF (NYSEARCA:JPIB) Expands By 296.4%

JPMorgan International Bond Opportunities ETF (NYSEARCA:JPIB) was the target of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 142,231 shares, a growth of 296.4% from the August 15th total of 35,877 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average trading volume of 250,676 shares, the days-to-cover ratio is currently 0.6 days.

JPMorgan International Bond Opportunities ETF Price Performance

Shares of JPMorgan International Bond Opportunities ETF stock opened at $47.10 on Monday. JPMorgan International Bond Opportunities ETF has a 12-month low of $47.06 and a 12-month high of $49.42. The firm has a market capitalization of $2.08 billion, a PE ratio of 4.86 and a beta of 0.24. The stock’s fifty day moving average is $47.85 and its 200-day moving average is $48.04.

Institutional Trading of JPMorgan International Bond Opportunities ETF

Hedge funds have recently bought and sold shares of the company. Avantax Planning Partners Inc. increased its position in shares of JPMorgan International Bond Opportunities ETF by 4.5% in the first quarter. Avantax Planning Partners Inc. now owns 2,433,536 shares of the company’s stock worth $116,372,000 after acquiring an additional 103,811 shares in the last quarter. Rice Partnership LLC boosted its stake in JPMorgan International Bond Opportunities ETF by 4.4% in the 1st quarter. Rice Partnership LLC now owns 1,490,968 shares of the company’s stock worth $71,298,000 after purchasing an additional 62,702 shares during the period. LPL Financial LLC boosted its stake in JPMorgan International Bond Opportunities ETF by 74.3% in the 4th quarter. LPL Financial LLC now owns 1,425,590 shares of the company’s stock worth $69,426,000 after purchasing an additional 607,775 shares during the period. Bank of America Corp DE grew its position in JPMorgan International Bond Opportunities ETF by 247.3% during the 1st quarter. Bank of America Corp DE now owns 1,078,443 shares of the company’s stock worth $51,571,000 after purchasing an additional 767,913 shares in the last quarter. Finally, Parallel Advisors LLC purchased a new position in JPMorgan International Bond Opportunities ETF during the 1st quarter worth approximately $42,225,000.

JPMorgan International Bond Opportunities ETF Company Profile

The JPMorgan International Bond Opportunities ETF (JPIB) is an exchange-traded fund that is based on the Bloomberg U.S. Universal Bond index. The fund provides total return through the active management of a broad based, broad maturity bond portfolio reaching sectors in both developed and emerging markets around the world outside of the US. JPIB was launched on Apr 3, 2017 and is managed by JPMorgan Chase.