JPMorgan International Bond Opportunities ETF (NYSEARCA:JPIB – Get Free Report) was the target of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 219,455 shares, a decrease of 45.0% from the September 30th total of 399,271 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 377,198 shares, the short-interest ratio is presently 0.6 days.
JPMorgan International Bond Opportunities ETF Stock Performance
JPIB remained flat at $46.86 on Friday. 190,400 shares of the company were exchanged, compared to its average volume of 265,358. The firm has a market capitalization of $2.31 billion, a PE ratio of 4.86 and a beta of 0.25. JPMorgan International Bond Opportunities ETF has a 52-week low of $46.38 and a 52-week high of $49.42. The business has a fifty day moving average price of $47.09 and a two-hundred day moving average price of $47.99.
Hedge Funds Weigh In On JPMorgan International Bond Opportunities ETF
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Smallwood Wealth Investment Management LLC lifted its stake in JPMorgan International Bond Opportunities ETF by 18.5% during the third quarter. Smallwood Wealth Investment Management LLC now owns 11,489 shares of the company’s stock worth $537,000 after purchasing an additional 1,793 shares in the last quarter. Lunt Capital Management Inc. boosted its position in shares of JPMorgan International Bond Opportunities ETF by 5.8% during the third quarter. Lunt Capital Management Inc. now owns 33,899 shares of the company’s stock worth $1,583,000 after buying an additional 1,862 shares during the period. New Capital Management LP boosted its position in shares of JPMorgan International Bond Opportunities ETF by 3.1% during the third quarter. New Capital Management LP now owns 87,442 shares of the company’s stock worth $4,084,000 after buying an additional 2,622 shares during the period. Certified Advisory Corp grew its stake in shares of JPMorgan International Bond Opportunities ETF by 3.8% in the third quarter. Certified Advisory Corp now owns 378,625 shares of the company’s stock valued at $17,682,000 after buying an additional 13,811 shares in the last quarter. Finally, ARQ Wealth Advisors LLC grew its stake in shares of JPMorgan International Bond Opportunities ETF by 0.7% in the third quarter. ARQ Wealth Advisors LLC now owns 208,863 shares of the company’s stock valued at $9,754,000 after buying an additional 1,491 shares in the last quarter.
About JPMorgan International Bond Opportunities ETF
The JPMorgan International Bond Opportunities ETF (JPIB) is an exchange-traded fund that is based on the Bloomberg U.S. Universal Bond index. The fund provides total return through the active management of a broad based, broad maturity bond portfolio reaching sectors in both developed and emerging markets around the world outside of the US. JPIB was launched on Apr 3, 2017 and is managed by JPMorgan Chase.
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