JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) Short Interest Update

JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) was the recipient of a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 964,128 shares, a drop of 62.7% from the July 30th total of 2,586,960 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 6,103,700 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On JPMorgan Ultra-Short Income ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in JPST. Cardiff Park Advisors LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF in the third quarter worth $25,000. Jackson Hole Capital Partners LLC acquired a new position in JPMorgan Ultra-Short Income ETF during the 4th quarter worth about $28,000. Strengthening Families & Communities LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the second quarter valued at about $28,000. Sittner & Nelson LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF during the fourth quarter worth about $30,000. Finally, Motiv8 Investments LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF in the fourth quarter worth approximately $32,000. 2.17% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of NYSEARCA:JPST traded down $0.01 during midday trading on Friday, hitting $50.54. 7,027,578 shares of the stock were exchanged, compared to its average volume of 6,562,168. The stock has a market capitalization of $40.41 billion, a price-to-earnings ratio of 109.87 and a beta of 0.01. The business’s 50-day moving average price is $50.49 and its 200 day moving average price is $50.53. JPMorgan Ultra-Short Income ETF has a 12 month low of $50.39 and a 12 month high of $50.79.

JPMorgan Ultra-Short Income ETF Company Profile

The JPMorgan Ultra-Short Income ETF (JPST) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that aims to maximize income and preserve capital using USD-denominated debt securities with an effective duration of one year or less. JPST was launched on May 17, 2017 and is managed by JPMorgan Chase.