JPMorgan Realty Income ETF (NYSEARCA:JPRE) Sees Large Increase in Short Interest

JPMorgan Realty Income ETF (NYSEARCA:JPRE) was the target of a significant increase in short interest in June. As of June 15th, there was short interest totaling 37,549 shares, an increase of 176.3% from the May 31st total of 13,589 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 20,967 shares, the days-to-cover ratio is currently 1.8 days.

Hedge Funds Weigh In On JPMorgan Realty Income ETF

Several large investors have recently added to or reduced their stakes in JPRE. Kestra Advisory Services LLC purchased a new position in JPMorgan Realty Income ETF during the fourth quarter valued at approximately $45,000. Northwestern Mutual Wealth Management Co. raised its position in shares of JPMorgan Realty Income ETF by 8.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,489 shares of the company’s stock valued at $166,000 after purchasing an additional 260 shares during the period. Axxcess Wealth Management LLC purchased a new position in shares of JPMorgan Realty Income ETF during the 4th quarter valued at $202,000. Stratos Wealth Partners LTD. purchased a new position in shares of JPMorgan Realty Income ETF during the 4th quarter valued at $271,000. Finally, Orion Porfolio Solutions LLC bought a new position in JPMorgan Realty Income ETF in the 2nd quarter worth $313,000.

JPMorgan Realty Income ETF Price Performance

Shares of JPRE stock traded up $0.73 during trading hours on Friday, reaching $53.46. 9,091 shares of the company traded hands, compared to its average volume of 31,998. JPMorgan Realty Income ETF has a 12-month low of $46.24 and a 12-month high of $53.49. The company has a market cap of $499.85 million, a P/E ratio of 41.80 and a beta of 0.81. The firm has a 50-day moving average price of $51.94 and a 200 day moving average price of $49.74.

About JPMorgan Realty Income ETF

The JPMorgan Realty Income ETF (JPRE) is an exchange-traded fund that mostly invests in real estate equity. The fund actively invests in US equity REITs and mortgage REITs, selecting those perceived to exhibit financial strength, operating revenues, and attractive growth potential. JPRE was launched on May 20, 2022 and is managed by JPMorgan Chase.