JPMorgan Limited Duration Bond ETF (NYSEARCA:JPLD) Short Interest Down 39.0% in August

JPMorgan Limited Duration Bond ETF (NYSEARCA:JPLD) was the target of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 83,860 shares, a decline of 39.0% from the August 15th total of 137,540 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 375,803 shares, the short-interest ratio is currently 0.2 days.

JPMorgan Limited Duration Bond ETF Stock Performance

Shares of JPLD traded down $0.05 on Friday, hitting $51.54. 237,666 shares of the stock traded hands, compared to its average volume of 497,891. JPMorgan Limited Duration Bond ETF has a 1 year low of $51.53 and a 1 year high of $52.75. The stock’s 50 day moving average is $51.92 and its two-hundred day moving average is $52.08.

Hedge Funds Weigh In On JPMorgan Limited Duration Bond ETF

Several institutional investors have recently added to or reduced their stakes in JPLD. Allspring Global Investments Holdings LLC boosted its holdings in JPMorgan Limited Duration Bond ETF by 217,192.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 875,688 shares of the company’s stock valued at $45,641,000 after acquiring an additional 875,285 shares during the last quarter. Schiavi & Co LLC raised its holdings in shares of JPMorgan Limited Duration Bond ETF by 9.4% in the 4th quarter. Schiavi & Co LLC now owns 805,931 shares of the company’s stock worth $42,181,000 after purchasing an additional 69,539 shares during the period. Bank of America Corp DE raised its holdings in shares of JPMorgan Limited Duration Bond ETF by 3.5% in the 1st quarter. Bank of America Corp DE now owns 402,817 shares of the company’s stock worth $21,023,000 after purchasing an additional 13,694 shares during the period. MBM Wealth Consultants LLC lifted its stake in shares of JPMorgan Limited Duration Bond ETF by 11.5% in the 1st quarter. MBM Wealth Consultants LLC now owns 339,073 shares of the company’s stock valued at $17,696,000 after purchasing an additional 34,923 shares in the last quarter. Finally, Scott Capital Advisors LLC lifted its stake in shares of JPMorgan Limited Duration Bond ETF by 720.9% in the 2nd quarter. Scott Capital Advisors LLC now owns 321,805 shares of the company’s stock valued at $16,795,000 after purchasing an additional 282,602 shares in the last quarter.

About JPMorgan Limited Duration Bond ETF

The JPMorgan Limited Duration Bond ETF (JPLD) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that invests mainly in a broad portfolio of investment grade asset-backed and mortgage-backed securities with an average duration of three years or less. JPLD was launched on Jul 28, 2023 and is issued by JPMorgan Chase.