Short Interest in JPMorgan USD Emerging Markets Sovereign Bond ETF (NYSEARCA:JPMB) Grows By 156.7%

JPMorgan USD Emerging Markets Sovereign Bond ETF (NYSEARCA:JPMB) was the target of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 4,512 shares, an increase of 156.7% from the April 30th total of 1,758 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily volume of 9,416 shares, the short-interest ratio is presently 0.5 days.

Hedge Funds Weigh In On JPMorgan USD Emerging Markets Sovereign Bond ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. increased its holdings in JPMorgan USD Emerging Markets Sovereign Bond ETF by 8.1% in the second quarter. Osaic Holdings Inc. now owns 4,913 shares of the company’s stock valued at $191,000 after purchasing an additional 368 shares during the period. Royal Bank of Canada increased its holdings in JPMorgan USD Emerging Markets Sovereign Bond ETF by 0.7% in the first quarter. Royal Bank of Canada now owns 201,025 shares of the company’s stock valued at $7,750,000 after purchasing an additional 1,421 shares during the period. Forthright Family Wealth Advisory LLC increased its holdings in JPMorgan USD Emerging Markets Sovereign Bond ETF by 7.3% in the fourth quarter. Forthright Family Wealth Advisory LLC now owns 28,906 shares of the company’s stock valued at $1,167,000 after purchasing an additional 1,973 shares during the period. ARQ Wealth Advisors LLC increased its holdings in JPMorgan USD Emerging Markets Sovereign Bond ETF by 2.9% in the fourth quarter. ARQ Wealth Advisors LLC now owns 78,456 shares of the company’s stock valued at $3,167,000 after purchasing an additional 2,218 shares during the period. Finally, Equitable Holdings Inc. increased its holdings in JPMorgan USD Emerging Markets Sovereign Bond ETF by 4.4% in the third quarter. Equitable Holdings Inc. now owns 55,877 shares of the company’s stock valued at $2,255,000 after purchasing an additional 2,371 shares during the period.

JPMorgan USD Emerging Markets Sovereign Bond ETF Price Performance

NYSEARCA:JPMB traded up $0.11 on Friday, hitting $40.26. The company had a trading volume of 3,947 shares, compared to its average volume of 12,288. The firm has a 50 day moving average of $39.76 and a two-hundred day moving average of $40.18. JPMorgan USD Emerging Markets Sovereign Bond ETF has a 52 week low of $37.84 and a 52 week high of $40.90.

About JPMorgan USD Emerging Markets Sovereign Bond ETF

The JPMorgan USD Emerging Markets Sovereign Bond ETF (JPMB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks an index of USD-denominated sovereign and quasi-sovereign debt securities from emerging markets. Securities are selected and weighted based on fundamental criteria. JPMB was launched on Jan 29, 2018 and is managed by JPMorgan Chase.