JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) Shares Shorted: Short Interest Down 43.6% in October

JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) saw a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 4,891,631 shares, a drop of 43.6% from the September 30th total of 8,678,483 shares. Based on an average daily volume of 7,884,266 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.6% of the shares of the company are sold short.

JPMorgan Ultra-Short Income ETF Stock Down 0.3%

Shares of JPMorgan Ultra-Short Income ETF stock opened at $50.26 on Tuesday. The firm has a market cap of $42.41 billion, a price-to-earnings ratio of 109.26 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.20 and a 52-week high of $50.79. The company’s 50-day simple moving average is $50.37 and its 200-day simple moving average is $50.50.

Hedge Funds Weigh In On JPMorgan Ultra-Short Income ETF

A number of large investors have recently made changes to their positions in the stock. Whipplewood Advisors LLC grew its holdings in JPMorgan Ultra-Short Income ETF by 1.2% in the 1st quarter. Whipplewood Advisors LLC now owns 18,494 shares of the company’s stock worth $936,000 after buying an additional 227 shares in the last quarter. Blueline Advisors LLC raised its stake in JPMorgan Ultra-Short Income ETF by 9.2% during the 3rd quarter. Blueline Advisors LLC now owns 2,746 shares of the company’s stock valued at $138,000 after acquiring an additional 232 shares in the last quarter. Vista Cima Wealth Management LLC raised its stake in JPMorgan Ultra-Short Income ETF by 0.7% during the 2nd quarter. Vista Cima Wealth Management LLC now owns 34,917 shares of the company’s stock valued at $1,766,000 after acquiring an additional 239 shares in the last quarter. Hughes Financial Services LLC boosted its position in JPMorgan Ultra-Short Income ETF by 75.8% during the 3rd quarter. Hughes Financial Services LLC now owns 589 shares of the company’s stock worth $30,000 after acquiring an additional 254 shares during the period. Finally, Gerald Baker Financial Group LLC boosted its position in JPMorgan Ultra-Short Income ETF by 3.1% during the 3rd quarter. Gerald Baker Financial Group LLC now owns 8,382 shares of the company’s stock worth $422,000 after acquiring an additional 255 shares during the period. Hedge funds and other institutional investors own 2.17% of the company’s stock.

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.