JPMorgan Active Bond ETF (NYSE:JBND) Stock Short Interest Climbs 176.1%

JPMorgan Active Bond ETF (NYSE:JBND) was the target of a significant increase in short interest in October. As of October 30th, there was short interest totaling 280,482 shares, an increase of 176.1% from the October 15th total of 101,569 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily volume of 1,643,072 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of JPMorgan Active Bond ETF

Several hedge funds have recently modified their holdings of the stock. Allworth Financial LP lifted its position in shares of JPMorgan Active Bond ETF by 29.8% during the 3rd quarter. Allworth Financial LP now owns 11,816,073 shares of the company’s stock valued at $632,160,000 after acquiring an additional 2,714,401 shares during the period. Envestnet Asset Management Inc. boosted its stake in JPMorgan Active Bond ETF by 38.5% during the second quarter. Envestnet Asset Management Inc. now owns 5,099,381 shares of the company’s stock worth $272,817,000 after acquiring an additional 1,418,178 shares in the last quarter. Private Advisor Group LLC acquired a new stake in JPMorgan Active Bond ETF in the third quarter worth $244,731,000. Bank of America Corp DE raised its holdings in shares of JPMorgan Active Bond ETF by 47.2% during 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 purchasing an additional 1,354,369 shares during the period. Finally, Cetera Investment Advisers raised its holdings in shares of JPMorgan Active Bond ETF by 27.2% during the first quarter. Cetera Investment Advisers now owns 3,834,235 shares of the company’s stock valued at $206,167,000 after purchasing an additional 820,562 shares during the period.

JPMorgan Active Bond ETF Price Performance

Shares of JBND opened at $51.40 on Friday. JPMorgan Active Bond ETF has a 52-week low of $50.70 and a 52-week high of $55.78. The business’s 50 day moving average price is $51.63 and its two-hundred day moving average price is $53.03.

JPMorgan Active Bond ETF Company Profile

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.