JPMorgan Active Bond ETF (NYSE:JBND) Stock Short Interest Drops 86.1%

by · The Markets Daily

JPMorgan Active Bond ETF (NYSE:JBND – Get Free Report) was the recipient of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 101,569 shares, a decline of 86.1% from the September 30th total of 731,051 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 1,936,966 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of JPMorgan Active Bond ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Allworth Financial LP lifted its stake in JPMorgan Active Bond ETF by 48.5% during the second quarter. Allworth Financial LP now owns 9,101,672 shares of the company’s stock valued at $486,939,000 after purchasing an additional 2,971,765 shares during the last quarter. Envestnet Asset Management Inc. grew its position in JPMorgan Active Bond ETF by 38.5% in the second quarter. Envestnet Asset Management Inc. now owns 5,099,381 shares of the company’s stock worth $272,817,000 after buying an additional 1,418,178 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of JPMorgan Active Bond ETF by 47.2% in the first quarter. Bank of America Corp DE now owns 4,223,148 shares of the company’s stock valued at $227,079,000 after buying an additional 1,354,369 shares in the last quarter. Cetera Investment Advisers increased its holdings in shares of JPMorgan Active Bond ETF by 27.2% in the first quarter. Cetera Investment Advisers now owns 3,834,235 shares of the company’s stock valued at $206,167,000 after buying an additional 820,562 shares in the last quarter. Finally, Private Advisor Group LLC lifted its position in shares of JPMorgan Active Bond ETF by 35.2% during the 1st quarter. Private Advisor Group LLC now owns 3,555,302 shares of the company’s stock valued at $191,169,000 after acquiring an additional 925,032 shares during the last quarter.

JPMorgan Active Bond ETF Price Performance

NYSE JBND traded up $0.01 on Tuesday, reaching $51.85. The company’s stock had a trading volume of 606,200 shares, compared to its average volume of 1,063,400. JPMorgan Active Bond ETF has a twelve month low of $50.70 and a twelve month high of $55.78. The firm’s 50 day moving average is $51.85 and its two-hundred day moving average is $53.18.

About JPMorgan Active Bond ETF

(Get Free Report)

The JPMorgan Active Bond ETF (JBND) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively managed, investing in a diverse portfolio of U.S. dollar-denominated, investment grade bonds JBND was launched on Oct 11, 2023 and is issued by JPMorgan Chase.

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