JPMorgan Core Plus Bond ETF (NYSEARCA:JCPB) Sees Significant Decrease in Short Interest

JPMorgan Core Plus Bond ETF (NYSEARCA:JCPB) saw a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 724,485 shares, a drop of 57.0% from the September 30th total of 1,686,454 shares. Based on an average daily volume of 3,819,643 shares, the short-interest ratio is presently 0.2 days. Currently, 0.2% of the company’s shares are sold short.

Institutional Trading of JPMorgan Core Plus Bond ETF

Several hedge funds and other institutional investors have recently bought and sold shares of JCPB. Smallwood Wealth Investment Management LLC acquired a new stake in shares of JPMorgan Core Plus Bond ETF during the third quarter worth $3,131,000. Cordgrass Capital Advisors LLC purchased a new stake in shares of JPMorgan Core Plus Bond ETF in the third quarter valued at $93,000. Ascent Group LLC acquired a new position in JPMorgan Core Plus Bond ETF in the third quarter valued at $2,818,000. Hughes Financial Services LLC acquired a new position in JPMorgan Core Plus Bond ETF in the third quarter valued at $79,133,000. Finally, Putney Financial Group LLC acquired a new position in JPMorgan Core Plus Bond ETF in the third quarter valued at $245,000.

JPMorgan Core Plus Bond ETF Trading Up 0.3%

Shares of NYSEARCA JCPB traded up $0.13 during midday trading on Friday, reaching $45.60. 2,032,930 shares of the stock were exchanged, compared to its average volume of 2,203,748. The company has a market capitalization of $17.51 billion, a P/E ratio of 60.35 and a beta of 0.26. JPMorgan Core Plus Bond ETF has a 52-week low of $44.40 and a 52-week high of $48.17. The stock has a 50 day moving average price of $45.38 and a 200-day moving average price of $46.57.

JPMorgan Core Plus Bond ETF Company Profile

The JPMorgan Core Plus Bond ETF (JCPB) is an exchange-traded fund that is based on the Bloomberg Global Aggregate Bond index. The fund is an actively-managed ETF consisting of a broad array of fixed income securities. JCPB was launched on Jan 28, 2019 and is managed by JPMorgan Chase.