JPMorgan International Bond Opportunities ETF (NYSEARCA:JPIB) Sees Large Growth in Short Interest

JPMorgan International Bond Opportunities ETF (NYSEARCA:JPIB) saw a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 399,271 shares, an increase of 253.8% from the September 15th total of 112,837 shares. Approximately 0.8% of the company’s shares are short sold. Based on an average daily volume of 383,343 shares, the short-interest ratio is currently 1.0 days.

JPMorgan International Bond Opportunities ETF Stock Performance

Shares of NYSEARCA JPIB traded up $0.03 during trading hours on Tuesday, hitting $46.80. The company’s stock had a trading volume of 14,086 shares, compared to its average volume of 264,949. The stock has a market cap of $2.26 billion, a price-to-earnings ratio of 4.86 and a beta of 0.25. JPMorgan International Bond Opportunities ETF has a 12 month low of $46.38 and a 12 month high of $49.42. The business has a 50-day simple moving average of $47.39 and a 200-day simple moving average of $47.81.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of JPIB. Certified Advisory Corp increased its position in JPMorgan International Bond Opportunities ETF by 9.6% during the 1st quarter. Certified Advisory Corp now owns 351,573 shares of the company’s stock valued at $16,812,000 after purchasing an additional 30,936 shares during the period. SHP Wealth Management bought a new position in JPMorgan International Bond Opportunities ETF in the 4th quarter worth $2,087,000. Sonoma Allocations LLC raised its holdings in JPMorgan International Bond Opportunities ETF by 13.3% in the 4th quarter. Sonoma Allocations LLC now owns 142,451 shares of the company’s stock worth $6,971,000 after purchasing an additional 16,719 shares in the last quarter. Peak Financial Management Inc. lifted its position in shares of JPMorgan International Bond Opportunities ETF by 10.2% in the 1st quarter. Peak Financial Management Inc. now owns 344,083 shares of the company’s stock worth $16,454,000 after purchasing an additional 31,968 shares during the period. Finally, Parallel Advisors LLC purchased a new stake in shares of JPMorgan International Bond Opportunities ETF in the 1st quarter worth about $42,225,000.

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.