JPMorgan International Bond Opportunities ETF (NYSEARCA:JPIB) Stock Short Interest Drops 83.2%

JPMorgan International Bond Opportunities ETF (NYSEARCA:JPIB) was the target of a large decrease in short interest during the month of October. As of October 30th, there was short interest totaling 36,895 shares, a decrease of 83.2% from the October 15th total of 219,455 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 245,923 shares, the short-interest ratio is currently 0.2 days.

JPMorgan International Bond Opportunities ETF Stock Performance

JPMorgan International Bond Opportunities ETF stock traded down $0.23 during midday trading on Thursday, reaching $46.68. The stock had a trading volume of 406,522 shares, compared to its average volume of 268,640. JPMorgan International Bond Opportunities ETF has a twelve month low of $46.38 and a twelve month high of $49.42. The stock has a market capitalization of $2.30 billion, a PE ratio of 4.86 and a beta of 0.26. The stock’s 50-day simple moving average is $46.94 and its 200 day simple moving average is $47.90.

Hedge Funds Weigh In On JPMorgan International Bond Opportunities ETF

A number of hedge funds have recently bought and sold shares of JPIB. Advisors Asset Management Inc. acquired a new position in shares of JPMorgan International Bond Opportunities ETF in the third quarter worth about $457,000. Beta Wealth Group Inc. purchased a new stake in shares of JPMorgan International Bond Opportunities ETF in the third quarter valued at about $1,766,000. Berger Financial Group Inc boosted its holdings in shares of JPMorgan International Bond Opportunities ETF by 3.3% in the third quarter. Berger Financial Group Inc now owns 35,267 shares of the company’s stock valued at $1,647,000 after acquiring an additional 1,140 shares in the last quarter. Private Advisor Group LLC acquired a new position in shares of JPMorgan International Bond Opportunities ETF during the third quarter worth about $7,389,000. Finally, Focus Advisor Solutions LLC increased its stake in shares of JPMorgan International Bond Opportunities ETF by 18.8% during the third quarter. Focus Advisor Solutions LLC now owns 154,532 shares of the company’s stock worth $7,217,000 after acquiring an additional 24,469 shares during the period.

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.