JPMorgan Active Bond ETF (NYSE:JBND) Sees Significant Growth in Short Interest

JPMorgan Active Bond ETF (NYSE:JBND) was the recipient of a significant increase in short interest in September. As of September 30th, there was short interest totaling 731,051 shares, an increase of 259.2% from the September 15th total of 203,502 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average trading volume of 1,488,172 shares, the short-interest ratio is currently 0.5 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. MML Investors Services LLC boosted its stake in JPMorgan Active Bond ETF by 31.6% in the 4th quarter. MML Investors Services LLC now owns 1,401,713 shares of the company’s stock worth $75,791,000 after purchasing an additional 336,831 shares during the period. Allworth Financial LP lifted its holdings in shares of JPMorgan Active Bond ETF by 48.5% in the second quarter. Allworth Financial LP now owns 9,101,672 shares of the company’s stock valued at $486,939,000 after purchasing an additional 2,971,765 shares in the last quarter. IFP Advisors Inc boosted its position in shares of JPMorgan Active Bond ETF by 16.9% during the second quarter. IFP Advisors Inc now owns 94,096 shares of the company’s stock worth $5,034,000 after buying an additional 13,587 shares during the period. Northwest Financial Advisors acquired a new position in shares of JPMorgan Active Bond ETF during the first quarter worth about $609,000. Finally, Tenet Wealth Partners LLC acquired a new stake in JPMorgan Active Bond ETF in the 2nd quarter valued at approximately $6,957,000.

JPMorgan Active Bond ETF Stock Performance

JBND stock traded down $0.06 during midday trading on Friday, hitting $51.09. 852,085 shares of the company’s stock were exchanged, compared to its average volume of 1,029,061. JPMorgan Active Bond ETF has a one year low of $50.70 and a one year high of $55.78. The stock’s fifty day moving average price is $52.11 and its 200-day moving average price is $52.93.

About JPMorgan Active Bond ETF

The JPMorgan Active Bond ETF (JBND) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively managed, investing in a diverse portfolio of U.S. dollar-denominated, investment grade bonds JBND was launched on Oct 11, 2023 and is issued by JPMorgan Chase.