JPMorgan Limited Duration Bond ETF (NYSEARCA:JPLD) Stock Short Interest Drops 84.1%

JPMorgan Limited Duration Bond ETF (NYSEARCA:JPLD) was the recipient of a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 68,515 shares, a drop of 84.1% from the September 15th total of 431,584 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 516,276 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On JPMorgan Limited Duration Bond ETF

Several hedge funds have recently modified their holdings of JPLD. Allspring Global Investments Holdings LLC grew its stake in JPMorgan Limited Duration Bond ETF by 217,192.3% in the 1st 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 period. Schiavi & Co LLC raised its position in JPMorgan Limited Duration Bond ETF by 9.4% in the fourth quarter. Schiavi & Co LLC now owns 805,931 shares of the company’s stock valued at $42,181,000 after purchasing an additional 69,539 shares during the period. Bank of America Corp DE lifted 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 acquiring an additional 13,694 shares during the last quarter. MBM Wealth Consultants LLC lifted its stake in JPMorgan Limited Duration Bond ETF by 11.5% during the 1st quarter. MBM Wealth Consultants LLC now owns 339,073 shares of the company’s stock worth $17,696,000 after acquiring an additional 34,923 shares in the last quarter. Finally, Scott Capital Advisors LLC boosted its position in 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 buying an additional 282,602 shares during the period.

JPMorgan Limited Duration Bond ETF Stock Performance

Shares of JPLD stock traded down $0.04 during mid-day trading on Friday, hitting $51.31. 692,758 shares of the stock traded hands, compared to its average volume of 501,141. JPMorgan Limited Duration Bond ETF has a 52-week low of $50.92 and a 52-week high of $52.75. The stock’s fifty day moving average is $51.73 and its two-hundred day moving average is $51.97.

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.