JPMorgan Active Bond ETF (NYSE:JBND – Get Free Report) was the target of a large decrease in short interest in October. As of October 15th, there was short interest totaling 101,569 shares, a decrease of 86.1% from the September 30th total of 731,051 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 1,936,966 shares, the short-interest ratio is presently 0.1 days.
JPMorgan Active Bond ETF Stock Performance
JPMorgan Active Bond ETF stock traded up $0.01 during mid-day trading on Tuesday, reaching $51.85. The company’s stock had a trading volume of 606,200 shares, compared to its average volume of 1,063,400. The business has a 50 day moving average price of $51.85 and a 200-day moving average price of $53.18. JPMorgan Active Bond ETF has a twelve month low of $50.70 and a twelve month high of $55.78.
Institutional Trading of JPMorgan Active Bond ETF
A number of institutional investors and hedge funds have recently made changes to their positions in JBND. Allworth Financial LP lifted its stake in JPMorgan Active Bond ETF by 48.5% in the second quarter. Allworth Financial LP now owns 9,101,672 shares of the company’s stock valued at $486,939,000 after buying an additional 2,971,765 shares during the last quarter. Baldwin Wealth Partners LLC MA bought a new position in JPMorgan Active Bond ETF during the 3rd quarter valued at $76,009,000. Envestnet Asset Management Inc. boosted its stake in JPMorgan Active Bond ETF by 38.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 5,099,381 shares of the company’s stock valued at $272,817,000 after purchasing an additional 1,418,178 shares in the last quarter. Bank of America Corp DE increased its position in shares of JPMorgan Active Bond ETF by 47.2% during the 1st quarter. Bank of America Corp DE now owns 4,223,148 shares of the company’s stock valued at $227,079,000 after purchasing an additional 1,354,369 shares during the period. Finally, Royal Bank of Canada increased its position in shares of JPMorgan Active Bond ETF by 64.3% during the 1st quarter. Royal Bank of Canada now owns 2,443,755 shares of the company’s stock valued at $131,401,000 after purchasing an additional 956,648 shares during the period.
About JPMorgan Active Bond ETF
The JPMorgan Active Bond ETF (JBND) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively managed, investing in a diverse portfolio of U.S. dollar-denominated, investment grade bonds JBND was launched on Oct 11, 2023 and is issued by JPMorgan Chase.
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