JPMorgan USD Emerging Markets Sovereign Bond ETF (NYSEARCA:JPMB) Sees Large Growth in Short Interest

JPMorgan USD Emerging Markets Sovereign Bond ETF (NYSEARCA:JPMB) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 31,617 shares, an increase of 1,153.6% from the May 31st total of 2,522 shares. Based on an average daily volume of 8,449 shares, the days-to-cover ratio is currently 3.7 days. Approximately 1.9% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Royal Bank of Canada raised its stake in JPMorgan USD Emerging Markets Sovereign Bond ETF by 0.7% during 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 during the period. Hsbc Holdings PLC lifted its holdings in JPMorgan USD Emerging Markets Sovereign Bond ETF by 77.2% in the second quarter. Hsbc Holdings PLC now owns 13,766 shares of the company’s stock valued at $536,000 after acquiring an additional 5,998 shares during the last quarter. Jane Street Group LLC acquired a new position in JPMorgan USD Emerging Markets Sovereign Bond ETF in the second quarter valued at approximately $1,875,000. Bank of America Corp DE raised its position in JPMorgan USD Emerging Markets Sovereign Bond ETF by 350.9% in the second quarter. Bank of America Corp DE now owns 69,174 shares of the company’s stock valued at $2,695,000 after purchasing an additional 53,833 shares during the period. Finally, Osaic Holdings Inc. raised its position in JPMorgan USD Emerging Markets Sovereign Bond ETF by 8.1% in the second quarter. Osaic Holdings Inc. now owns 4,913 shares of the company’s stock valued at $191,000 after purchasing an additional 368 shares during the period.

JPMorgan USD Emerging Markets Sovereign Bond ETF Stock Performance

JPMorgan USD Emerging Markets Sovereign Bond ETF stock traded down $0.01 during trading on Friday, reaching $40.29. 13,099 shares of the company were exchanged, compared to its average volume of 11,574. JPMorgan USD Emerging Markets Sovereign Bond ETF has a 52-week low of $38.53 and a 52-week high of $40.90. The stock’s 50 day simple moving average is $40.05 and its two-hundred day simple moving average is $40.14.

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.