JPMorgan International Bond Opportunities ETF (NYSEARCA:JPIB) Sees Significant Growth in Short Interest

JPMorgan International Bond Opportunities ETF (NYSEARCA:JPIB) saw a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 399,271 shares, a growth of 253.8% from the September 15th total of 112,837 shares. Currently, 0.8% of the company’s shares are short sold. Based on an average trading volume of 383,343 shares, the days-to-cover ratio is presently 1.0 days.

JPMorgan International Bond Opportunities ETF Price Performance

JPMorgan International Bond Opportunities ETF stock traded up $0.03 during trading hours on Friday, reaching $46.77. The company had a trading volume of 494,759 shares, compared to its average volume of 266,051. JPMorgan International Bond Opportunities ETF has a 12-month low of $46.38 and a 12-month high of $49.42. The company has a 50-day moving average price of $47.41 and a 200 day moving average price of $47.82. The firm has a market cap of $2.25 billion, a price-to-earnings ratio of 4.86 and a beta of 0.25.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in JPIB. Avantax Planning Partners Inc. boosted its position in JPMorgan International Bond Opportunities ETF by 4.5% during the 1st quarter. Avantax Planning Partners Inc. now owns 2,433,536 shares of the company’s stock valued at $116,372,000 after buying an additional 103,811 shares during the period. Rice Partnership LLC grew its holdings in JPMorgan International Bond Opportunities ETF by 4.4% in the 1st quarter. Rice Partnership LLC now owns 1,490,968 shares of the company’s stock worth $71,298,000 after acquiring an additional 62,702 shares during the last quarter. Bank of America Corp DE increased its position in shares of JPMorgan International Bond Opportunities ETF by 247.3% in the first quarter. Bank of America Corp DE now owns 1,078,443 shares of the company’s stock valued at $51,571,000 after acquiring an additional 767,913 shares during the period. Parallel Advisors LLC bought a new position in shares of JPMorgan International Bond Opportunities ETF during the first quarter valued at about $42,225,000. Finally, Cetera Investment Advisers raised its stake in shares of JPMorgan International Bond Opportunities ETF by 29.0% during the first quarter. Cetera Investment Advisers now owns 757,482 shares of the company’s stock valued at $36,223,000 after acquiring an additional 170,318 shares during the last quarter.

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.