JPMorgan Income ETF (NYSEARCA:JPIE) Sees Significant Decrease in Short Interest

JPMorgan Income ETF (NYSEARCA:JPIE) saw a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 132,700 shares, a decline of 57.8% from the September 15th total of 314,600 shares. Based on an average daily volume of 922,400 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 922,400 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On JPMorgan Income ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wagner Wealth Management LLC increased its position in JPMorgan Income ETF by 3.6% during the 2nd quarter. Wagner Wealth Management LLC now owns 656,341 shares of the company’s stock worth $30,402,000 after purchasing an additional 22,587 shares during the period. Altus Wealth Management LLC grew its holdings in shares of JPMorgan Income ETF by 1.1% in the 2nd quarter. Altus Wealth Management LLC now owns 40,201 shares of the company’s stock worth $1,862,000 after acquiring an additional 419 shares during the period. Focus Partners Wealth grew its holdings in shares of JPMorgan Income ETF by 72.6% in the 1st quarter. Focus Partners Wealth now owns 99,990 shares of the company’s stock worth $4,607,000 after acquiring an additional 42,063 shares during the period. Peoples Bank OH grew its holdings in shares of JPMorgan Income ETF by 7.1% in the 1st quarter. Peoples Bank OH now owns 53,476 shares of the company’s stock worth $2,464,000 after acquiring an additional 3,553 shares during the period. Finally, Forefront Wealth Management Inc. acquired a new stake in shares of JPMorgan Income ETF in the 2nd quarter worth approximately $2,996,000.

JPMorgan Income ETF Trading Up 0.1%

NYSEARCA JPIE opened at $46.39 on Friday. The business’s 50 day moving average is $46.38 and its two-hundred day moving average is $46.07. JPMorgan Income ETF has a 12-month low of $45.01 and a 12-month high of $46.57.

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.