JPMorgan Income ETF (NYSEARCA:JPIE – Get Free Report) was the target of a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 285,684 shares, a decrease of 65.6% from the August 15th total of 830,117 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 1,459,058 shares, the short-interest ratio is presently 0.2 days.
JPMorgan Income ETF Stock Performance
Shares of NYSEARCA:JPIE opened at $45.42 on Friday. JPMorgan Income ETF has a 1 year low of $45.39 and a 1 year high of $46.61. The stock’s 50-day moving average is $45.80 and its 200 day moving average is $45.97.
Institutional Trading of JPMorgan Income ETF
Several hedge funds and other institutional investors have recently bought and sold shares of JPIE. Huntington National Bank purchased a new stake in shares of JPMorgan Income ETF in the fourth quarter valued at $26,000. Rice Partnership LLC purchased a new stake in JPMorgan Income ETF in the 1st quarter worth about $30,000. Imprint Wealth LLC bought a new stake in JPMorgan Income ETF in the third quarter worth about $33,000. Torren Management LLC purchased a new position in shares of JPMorgan Income ETF during the first quarter valued at approximately $34,000. Finally, MidAtlantic Capital Management Inc. bought a new position in shares of JPMorgan Income ETF during the fourth quarter valued at approximately $35,000.
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.
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