JPMorgan Realty Income ETF (NYSEARCA:JPRE) Sees Significant Drop in Short Interest

JPMorgan Realty Income ETF (NYSEARCA:JPRE) was the recipient of a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 7,989 shares, a decline of 68.7% from the September 15th total of 25,557 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 20,741 shares, the days-to-cover ratio is currently 0.4 days.

JPMorgan Realty Income ETF Price Performance

JPRE traded down $0.40 during trading on Wednesday, reaching $49.81. 12,794 shares of the stock were exchanged, compared to its average volume of 27,034. The company has a market capitalization of $456.80 million, a price-to-earnings ratio of 41.80 and a beta of 0.80. JPMorgan Realty Income ETF has a 1 year low of $46.24 and a 1 year high of $55.23. The business’s 50 day moving average price is $51.63 and its two-hundred day moving average price is $51.83.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. MOR Wealth Management LLC purchased a new position in shares of JPMorgan Realty Income ETF during the 2nd quarter worth approximately $208,000. Focus Financial Network Inc. acquired a new position in shares of JPMorgan Realty Income ETF during the 2nd quarter worth approximately $225,000. Swisher Financial Concepts Inc. raised its position in shares of JPMorgan Realty Income ETF by 7.2% during the 1st quarter. Swisher Financial Concepts Inc. now owns 8,288 shares of the company’s stock worth $398,000 after purchasing an additional 560 shares during the last quarter. Capital Analysts LLC lifted its stake in JPMorgan Realty Income ETF by 65.2% in the 2nd quarter. Capital Analysts LLC now owns 9,823 shares of the company’s stock valued at $512,000 after buying an additional 3,876 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC lifted its stake in JPMorgan Realty Income ETF by 2.9% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 13,847 shares of the company’s stock valued at $723,000 after buying an additional 387 shares in the last quarter.

JPMorgan Realty Income ETF Company Profile

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.