JPMorgan Realty Income ETF (NYSEARCA:JPRE – Get Free Report) was the recipient of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 37,549 shares, a growth of 176.3% from the May 31st total of 13,589 shares. Based on an average daily volume of 20,967 shares, the days-to-cover ratio is presently 1.8 days. Currently, 0.4% of the shares of the company are short sold.
JPMorgan Realty Income ETF Price Performance
Shares of JPRE traded up $0.73 on Friday, reaching $53.46. The company’s stock had a trading volume of 9,091 shares, compared to its average volume of 31,998. The stock has a market capitalization of $499.85 million, a P/E ratio of 41.80 and a beta of 0.81. The stock’s 50 day simple moving average is $51.94 and its two-hundred day simple moving average is $49.74. JPMorgan Realty Income ETF has a 12-month low of $46.24 and a 12-month high of $53.49.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in JPRE. Raymond James Financial Inc. grew its position in shares of JPMorgan Realty Income ETF by 26.9% during the 3rd quarter. Raymond James Financial Inc. now owns 160,068 shares of the company’s stock valued at $7,672,000 after acquiring an additional 33,920 shares during the period. Anderson Financial Strategies LLC raised its holdings in JPMorgan Realty Income ETF by 3.2% in the 4th quarter. Anderson Financial Strategies LLC now owns 156,044 shares of the company’s stock worth $7,289,000 after purchasing an additional 4,772 shares during the period. Eclectic Associates Inc. ADV raised its holdings in JPMorgan Realty Income ETF by 25.3% in the 4th quarter. Eclectic Associates Inc. ADV now owns 131,821 shares of the company’s stock worth $6,157,000 after purchasing an additional 26,596 shares during the period. Beta Wealth Group Inc. lifted its position in JPMorgan Realty Income ETF by 3.7% during the first quarter. Beta Wealth Group Inc. now owns 120,973 shares of the company’s stock valued at $5,815,000 after purchasing an additional 4,326 shares in the last quarter. Finally, Oarsman Capital Inc. lifted its position in JPMorgan Realty Income ETF by 15.4% during the fourth quarter. Oarsman Capital Inc. now owns 90,369 shares of the company’s stock valued at $4,221,000 after purchasing an additional 12,028 shares in the last quarter.
About JPMorgan Realty Income ETF
The JPMorgan Realty Income ETF (JPRE) is an exchange-traded fund that mostly invests in real estate equity. The fund actively invests in US equity REITs and mortgage REITs, selecting those perceived to exhibit financial strength, operating revenues, and attractive growth potential. JPRE was launched on May 20, 2022 and is managed by JPMorgan Chase.
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