JPMorgan USD Emerging Markets Sovereign Bond ETF (NYSEARCA:JPMB – Get Free Report) was the recipient of a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 15,080 shares, a drop of 68.0% from the June 30th total of 47,107 shares. Based on an average daily volume of 13,504 shares, the days-to-cover ratio is currently 1.1 days. Approximately 0.9% of the company’s stock are short sold.
Hedge Funds Weigh In On JPMorgan USD Emerging Markets Sovereign Bond ETF
Several hedge funds and other institutional investors have recently made changes to their positions in JPMB. Royal Bank of Canada increased its holdings in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF by 0.7% during the 1st quarter. Royal Bank of Canada now owns 201,025 shares of the company’s stock worth $7,750,000 after acquiring an additional 1,421 shares during the last quarter. Hsbc Holdings PLC raised its position in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF by 77.2% in the second quarter. Hsbc Holdings PLC now owns 13,766 shares of the company’s stock valued at $536,000 after purchasing an additional 5,998 shares during the period. Jane Street Group LLC bought a new stake in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF during the 2nd quarter worth about $1,875,000. Bank of America Corp DE raised its holdings in JPMorgan USD Emerging Markets Sovereign Bond ETF by 350.9% in the 2nd quarter. Bank of America Corp DE now owns 69,174 shares of the company’s stock valued at $2,695,000 after acquiring an additional 53,833 shares during the period. Finally, Osaic Holdings Inc. lifted its position in JPMorgan USD Emerging Markets Sovereign Bond ETF by 8.1% during the second quarter. Osaic Holdings Inc. now owns 4,913 shares of the company’s stock worth $191,000 after acquiring an additional 368 shares during the last quarter.
JPMorgan USD Emerging Markets Sovereign Bond ETF Stock Up 0.3%
Shares of JPMB stock traded up $0.12 on Monday, hitting $39.62. 3,752 shares of the stock were exchanged, compared to its average volume of 11,398. The business has a 50-day moving average of $39.98 and a 200 day moving average of $40.06. JPMorgan USD Emerging Markets Sovereign Bond ETF has a fifty-two week low of $38.79 and a fifty-two week high of $40.90.
About JPMorgan USD Emerging Markets Sovereign Bond ETF
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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