JPMorgan Income ETF (NYSEARCA:JPIE) Short Interest Update

JPMorgan Income ETF (NYSEARCA:JPIE) was the target of a significant decrease in short interest during the month of January. As of January 30th, there was short interest totaling 192,861 shares, a decrease of 88.5% from the January 15th total of 1,674,310 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 1,297,010 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 1,297,010 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.

JPMorgan Income ETF Trading Down 0.0%

JPMorgan Income ETF stock traded down $0.01 during mid-day trading on Wednesday, hitting $46.44. The company’s stock had a trading volume of 661,947 shares, compared to its average volume of 1,733,975. JPMorgan Income ETF has a twelve month low of $45.01 and a twelve month high of $46.57. The stock’s fifty day moving average price is $46.37 and its two-hundred day moving average price is $46.35.

JPMorgan Income ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were issued a $0.2036 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date was Monday, February 2nd.

Hedge Funds Weigh In On JPMorgan Income ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Huntington National Bank acquired a new stake in JPMorgan Income ETF during the 4th quarter worth about $26,000. Parkworth Wealth Management Inc. acquired a new stake in shares of JPMorgan Income ETF during the second quarter valued at approximately $29,000. Imprint Wealth LLC acquired a new stake in shares of JPMorgan Income ETF during the third quarter valued at approximately $33,000. ESL Trust Services LLC purchased a new stake in shares of JPMorgan Income ETF in the 3rd quarter valued at approximately $35,000. Finally, MidAtlantic Capital Management Inc. acquired a new position in JPMorgan Income ETF in the 4th quarter worth approximately $35,000.

JPMorgan Income ETF Company Profile

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.