JPMorgan Income ETF (NYSEARCA:JPIE) Short Interest Update

by · The Cerbat Gem

JPMorgan Income ETF (NYSEARCA:JPIE – Get Free Report) was the recipient of a large increase in short interest in the month of February. As of February 13th, there was short interest totaling 242,003 shares, an increase of 25.5% from the January 29th total of 192,861 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 1,498,538 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 1,498,538 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are short sold.

JPMorgan Income ETF Stock Down 0.5%

JPIE opened at $46.32 on Tuesday. JPMorgan Income ETF has a 52 week low of $45.01 and a 52 week high of $46.61. The business’s 50 day moving average is $46.42 and its two-hundred day moving average is $46.38.

JPMorgan Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd will be issued a $0.2082 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date of this dividend is Monday, March 2nd. This is a positive change from JPMorgan Income ETF’s previous monthly dividend of $0.20.

Institutional Investors Weigh In On JPMorgan Income ETF

A number of institutional investors and hedge funds have recently made changes to their positions in JPIE. Huntington National Bank purchased a new position in shares of JPMorgan Income ETF during the fourth quarter worth about $26,000. Parkworth Wealth Management Inc. purchased a new stake in shares of JPMorgan Income ETF during the second quarter worth approximately $29,000. Imprint Wealth LLC acquired a new position in JPMorgan Income ETF in the 3rd quarter valued at $33,000. ESL Trust Services LLC acquired a new stake in shares of JPMorgan Income ETF in the 3rd quarter worth $35,000. Finally, MidAtlantic Capital Management Inc. acquired a new position in shares of JPMorgan Income ETF during the fourth quarter worth about $35,000.

JPMorgan Income ETF Company Profile

(Get Free Report)

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.

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