Your email has been successfully added to our mailing list.

×
0 0 0 0 0 0 0 0
Stock impact report

JPMorgan Says Short Bets ‘Collapsed’ on $39 Billion Credit ETF [Yahoo! Finance News]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
) -- The Federal Reserve’s entrance in the corporate bond market quickly changed the mood music for the largest credit ETF, with bulls now leading, according to JPMorgan Chase & Co.Bearish bets have evaporated on the $39 billion iShares iBoxx $ Investment Grade Corporate Bond exchange-traded fund, ticker LQD, JPMorgan strategists wrote in note Friday. Short interest as a percentage of shares outstanding on LQD -- a rough indicator of bearish bets -- is currently 1.48%, according to data from IHS Markit Ltd. That’s down from 17.6% on March 12.The swing in sentiment is largely thanks to Fed’s pledge to purchase corporate bonds and certain credit ETFs, they said.“The short base collapsed in speculator fashion from LQD, the biggest HG ETF after the Fed’s credit backstop programs,” strategists led by Nikolaos Panigirtzoglou wrote.The U.S. central bank said last week that it would create a Secondary Market Corporate Credit Facility, aimed at cushioning the economic blow from the virus. It a Show less Read more
Impact Snapshot
Event Time:
JPM
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
Last price at news event
Since Event
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
Last Price
VWAP
High:
Max Up
High:
Low:
Max Down
Low:
%
Post news range
%
Price change

Price Change Percentage


S&P 500
(SPX)

%

Volume ratio
%

Volume
Ticks

Avg transaction size

Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Opt-in for JPM alerts
Opt-in for
JPM alerts

from News Quantified
Opt-in for
JPM alerts

from News Quantified