Short Interest in JPMorgan Income ETF (NYSEARCA:JPIE) Grows By 330.5%

JPMorgan Income ETF (NYSEARCA:JPIE) was the recipient of a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 1,674,310 shares, a growth of 330.5% from the December 31st total of 388,886 shares. Approximately 1.0% of the shares of the stock are sold short. Based on an average daily volume of 2,446,577 shares, the short-interest ratio is currently 0.7 days. Based on an average daily volume of 2,446,577 shares, the short-interest ratio is currently 0.7 days. Approximately 1.0% of the shares of the stock are sold short.

Hedge Funds Weigh In On JPMorgan Income ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Parkworth Wealth Management Inc. purchased a new position in shares of JPMorgan Income ETF in the 2nd quarter worth $29,000. Imprint Wealth LLC bought a new stake in shares of JPMorgan Income ETF during the 3rd quarter worth approximately $33,000. ESL Trust Services LLC bought a new position in JPMorgan Income ETF in the 3rd quarter valued at $35,000. Central Pacific Bank Trust Division purchased a new stake in JPMorgan Income ETF in the fourth quarter worth $35,000. Finally, Total Investment Management Inc. bought a new stake in shares of JPMorgan Income ETF during the second quarter worth $37,000.

JPMorgan Income ETF Stock Up 0.1%

NYSEARCA JPIE traded up $0.03 during trading hours on Friday, reaching $46.48. The company’s stock had a trading volume of 517,611 shares, compared to its average volume of 1,838,829. JPMorgan Income ETF has a 1 year low of $45.01 and a 1 year high of $46.57. The firm’s 50-day moving average price is $46.37 and its 200-day moving average price is $46.34.

About JPMorgan Income ETF

The JPMorgan Income ETF (JPIE) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively-managed fund that allocates exposure among various fixed income markets and sectors. The fund seeks to provide yield with lower volatility and aims to generate monthly distributions. JPIE was launched on Oct 28, 2021 and is managed by JPMorgan Chase.