Short Interest in JPMorgan Realty Income ETF (NYSEARCA:JPRE) Declines By 21.0%

JPMorgan Realty Income ETF (NYSEARCA:JPRE) was the recipient of a significant drop in short interest during the month of March. As of March 31st, there was short interest totaling 20,839 shares, a drop of 21.0% from the March 15th total of 26,363 shares. Based on an average daily trading volume, of 26,093 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.2% of the company’s shares are sold short.

Institutional Trading of JPMorgan Realty Income ETF

A number of institutional investors have recently modified their holdings of JPRE. Spire Wealth Management purchased a new stake in shares of JPMorgan Realty Income ETF during the third quarter worth about $29,000. Kestra Advisory Services LLC purchased a new stake in shares of JPMorgan Realty Income ETF during the fourth quarter worth about $45,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of JPMorgan Realty Income ETF by 8.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,489 shares of the company’s stock worth $166,000 after purchasing an additional 260 shares during the period. Axxcess Wealth Management LLC purchased a new position in shares of JPMorgan Realty Income ETF during the fourth quarter valued at about $202,000. Finally, Stratos Wealth Partners LTD. bought a new position in JPMorgan Realty Income ETF in the fourth quarter worth about $271,000.

JPMorgan Realty Income ETF Stock Up 0.9%

Shares of JPMorgan Realty Income ETF stock traded up $0.44 during trading on Thursday, reaching $51.31. 16,526 shares of the stock were exchanged, compared to its average volume of 37,542. The stock’s fifty day moving average is $49.71 and its 200 day moving average is $48.21. The firm has a market cap of $479.75 million, a price-to-earnings ratio of 41.80 and a beta of 0.83. JPMorgan Realty Income ETF has a 1 year low of $45.09 and a 1 year high of $51.46.

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.