JPMorgan Income ETF (NYSEARCA:JPIE) Short Interest Up 86.7% in May

JPMorgan Income ETF (NYSEARCA:JPIE) saw a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 477,833 shares, an increase of 86.7% from the April 30th total of 255,952 shares. Based on an average daily trading volume, of 1,053,013 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.3% of the shares of the company are short sold.

JPMorgan Income ETF Trading Down 0.1%

Shares of NYSEARCA JPIE opened at $45.90 on Thursday. JPMorgan Income ETF has a twelve month low of $45.76 and a twelve month high of $46.61. The stock has a 50 day moving average of $46.03 and a two-hundred day moving average of $46.24.

Institutional Investors Weigh In On JPMorgan Income ETF

Several large investors have recently modified their holdings of JPIE. Huntington National Bank purchased a new stake in shares of JPMorgan Income ETF during the fourth quarter worth approximately $26,000. Rice Partnership LLC purchased a new stake in shares of JPMorgan Income ETF during the first quarter worth approximately $30,000. Imprint Wealth LLC purchased a new stake in shares of JPMorgan Income ETF during the third quarter worth approximately $33,000. Torren Management LLC purchased a new stake in shares of JPMorgan Income ETF during the first quarter worth approximately $34,000. Finally, ESL Trust Services LLC purchased a new stake in shares of JPMorgan Income ETF during the third quarter worth approximately $35,000.

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.