Short Interest in JPMorgan Income ETF (NYSEARCA:JPIE) Declines By 41.0%

JPMorgan Income ETF (NYSEARCA:JPIE) was the recipient of a significant decline in short interest in December. As of December 15th, there was short interest totaling 381,278 shares, a decline of 41.0% from the November 30th total of 646,216 shares. Based on an average daily trading volume, of 1,102,266 shares, the short-interest ratio is presently 0.3 days. Approximately 0.3% of the shares of the company are short sold. Approximately 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 1,102,266 shares, the short-interest ratio is presently 0.3 days.

JPMorgan Income ETF Stock Performance

Shares of JPIE stock remained flat at $46.52 during mid-day trading on Tuesday. 1,415,268 shares of the stock were exchanged, compared to its average volume of 844,780. The firm’s fifty day moving average is $46.34 and its 200-day moving average is $46.29. JPMorgan Income ETF has a 52 week low of $45.01 and a 52 week high of $46.57.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Parkworth Wealth Management Inc. bought a new stake in shares of JPMorgan Income ETF in the 2nd quarter valued at approximately $29,000. Imprint Wealth LLC bought a new position in shares of JPMorgan Income ETF during the 3rd quarter worth approximately $33,000. ESL Trust Services LLC acquired a new stake in JPMorgan Income ETF in the 3rd quarter valued at $35,000. Total Investment Management Inc. acquired a new stake in JPMorgan Income ETF in the 2nd quarter valued at $37,000. Finally, Wilmington Savings Fund Society FSB grew its position in JPMorgan Income ETF by 95.1% in the third quarter. Wilmington Savings Fund Society FSB now owns 880 shares of the company’s stock valued at $41,000 after acquiring an additional 429 shares during the period.

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. JPIE was launched on Oct 28, 2021 and is managed by JPMorgan Chase.