JPMorgan Income ETF (NYSEARCA:JPIE) Short Interest Down 65.6% in August

JPMorgan Income ETF (NYSEARCA:JPIE) was the recipient of a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 285,684 shares, a drop of 65.6% from the August 15th total of 830,117 shares. Based on an average daily trading volume, of 1,459,058 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the company’s shares are short sold.

Institutional Trading of JPMorgan Income ETF

Institutional investors have recently added to or reduced their stakes in the business. Rockefeller Capital Management L.P. raised its position in JPMorgan Income ETF by 1,680.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,131,981 shares of the company’s stock valued at $52,399,000 after purchasing an additional 1,068,410 shares during the period. Arkadios Wealth Advisors lifted its stake in shares of JPMorgan Income ETF by 301.2% during the first quarter. Arkadios Wealth Advisors now owns 1,203,036 shares of the company’s stock worth $55,424,000 after purchasing an additional 903,176 shares in the last quarter. Sequoia Financial Advisors LLC boosted its position in shares of JPMorgan Income ETF by 14.2% in the first quarter. Sequoia Financial Advisors LLC now owns 6,383,524 shares of the company’s stock worth $294,089,000 after buying an additional 791,361 shares during the period. Resonant Capital Advisors LLC acquired a new stake in shares of JPMorgan Income ETF in the first quarter valued at about $24,987,000. Finally, True North Advisors LLC purchased a new stake in shares of JPMorgan Income ETF during the 1st quarter valued at about $23,938,000.

JPMorgan Income ETF Trading Down 0.2%

JPIE stock traded down $0.08 during midday trading on Monday, reaching $45.34. 1,494,662 shares of the company’s stock traded hands, compared to its average volume of 1,457,792. JPMorgan Income ETF has a fifty-two week low of $45.33 and a fifty-two week high of $46.61. The business has a 50-day moving average price of $45.79 and a two-hundred day moving average price of $45.96.

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.