JPMorgan USD Emerging Markets Sovereign Bond ETF (NYSEARCA:JPMB) Short Interest Update

JPMorgan USD Emerging Markets Sovereign Bond ETF (NYSEARCA:JPMB) was the target of a significant growth in short interest in July. As of July 31st, there was short interest totaling 28,682 shares, a growth of 90.2% from the July 15th total of 15,080 shares. Based on an average daily trading volume, of 7,288 shares, the days-to-cover ratio is presently 3.9 days. Currently, 1.7% of the company’s stock are sold short.

JPMorgan USD Emerging Markets Sovereign Bond ETF Stock Down 0.2%

JPMorgan USD Emerging Markets Sovereign Bond ETF stock traded down $0.09 during midday trading on Friday, hitting $39.74. The stock had a trading volume of 2,861 shares, compared to its average volume of 12,095. JPMorgan USD Emerging Markets Sovereign Bond ETF has a 12 month low of $38.79 and a 12 month high of $40.90. The business has a fifty day moving average price of $39.92 and a 200 day moving average price of $39.99.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in JPMB. Bank of America Corp DE increased its position in JPMorgan USD Emerging Markets Sovereign Bond ETF by 7.6% in the 1st quarter. Bank of America Corp DE now owns 204,841 shares of the company’s stock valued at $8,041,000 after acquiring an additional 14,448 shares during the period. Royal Bank of Canada grew its stake in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF by 0.7% in the first quarter. Royal Bank of Canada now owns 201,025 shares of the company’s stock worth $7,750,000 after purchasing an additional 1,421 shares in the last quarter. RiverFront Investment Group LLC increased its holdings in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF by 14.9% during the fourth quarter. RiverFront Investment Group LLC now owns 128,484 shares of the company’s stock valued at $5,186,000 after purchasing an additional 16,642 shares during the period. ARQ Wealth Advisors LLC increased its holdings in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF by 9.4% during the first quarter. ARQ Wealth Advisors LLC now owns 85,807 shares of the company’s stock valued at $3,368,000 after purchasing an additional 7,351 shares during the period. Finally, LPL Financial LLC raised its stake in shares of JPMorgan USD Emerging Markets Sovereign Bond ETF by 80.6% during the fourth quarter. LPL Financial LLC now owns 68,645 shares of the company’s stock valued at $2,771,000 after purchasing an additional 30,626 shares in the last quarter.

JPMorgan USD Emerging Markets Sovereign Bond ETF Company Profile

The JPMorgan USD Emerging Markets Sovereign Bond ETF (JPMB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks an index of USD-denominated sovereign and quasi-sovereign debt securities from emerging markets. Securities are selected and weighted based on fundamental criteria. JPMB was launched on Jan 29, 2018 and is managed by JPMorgan Chase.