JPMorgan USD Emerging Markets Sovereign Bond ETF (NYSEARCA:JPMB – Get Free Report) was the target of a large decrease in short interest during the month of April. As of April 30th, there was short interest totaling 1,758 shares, a decrease of 57.6% from the April 15th total of 4,147 shares. Based on an average trading volume of 8,233 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are sold short.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the business. Osaic Holdings Inc. grew its stake in JPMorgan USD Emerging Markets Sovereign Bond ETF by 8.1% during the 2nd quarter. Osaic Holdings Inc. now owns 4,913 shares of the company’s stock worth $191,000 after buying an additional 368 shares during the last quarter. 5T Wealth LLC purchased a new position in JPMorgan USD Emerging Markets Sovereign Bond ETF during the 4th quarter worth approximately $287,000. Hsbc Holdings PLC grew its stake in JPMorgan USD Emerging Markets Sovereign Bond ETF by 77.2% during the 2nd quarter. Hsbc Holdings PLC now owns 13,766 shares of the company’s stock worth $536,000 after buying an additional 5,998 shares during the last quarter. Forthright Family Wealth Advisory LLC grew its stake in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF by 7.3% in the 4th quarter. Forthright Family Wealth Advisory LLC now owns 28,906 shares of the company’s stock valued at $1,167,000 after purchasing an additional 1,973 shares during the last quarter. Finally, Bright Futures Wealth Management LLC. purchased a new position in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF in the 3rd quarter valued at approximately $1,443,000.
JPMorgan USD Emerging Markets Sovereign Bond ETF Trading Down 0.7%
Shares of JPMB traded down $0.27 during mid-day trading on Friday, reaching $39.58. The company’s stock had a trading volume of 4,113 shares, compared to its average volume of 12,857. JPMorgan USD Emerging Markets Sovereign Bond ETF has a 12-month low of $37.65 and a 12-month high of $40.90. The company’s 50 day moving average is $39.77 and its 200 day moving average is $40.23.
JPMorgan USD Emerging Markets Sovereign Bond ETF Company Profile
The JPMorgan USD Emerging Markets Sovereign Bond ETF (JPMB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks an index of USD-denominated sovereign and quasi-sovereign debt securities from emerging markets. Securities are selected and weighted based on fundamental criteria. JPMB was launched on Jan 29, 2018 and is managed by JPMorgan Chase.
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