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

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

Institutional Investors Weigh In On JPMorgan Ultra-Short Income ETF

A number of institutional investors have recently made changes to their positions in JPST. JPMorgan Chase & Co. lifted its stake in JPMorgan Ultra-Short Income ETF by 10.1% in the fourth quarter. JPMorgan Chase & Co. now owns 106,472,614 shares of the company’s stock valued at $5,386,450,000 after buying an additional 9,729,791 shares during the period. Axxcess Wealth Management LLC grew its position in shares of JPMorgan Ultra-Short Income ETF by 568.5% during the 4th quarter. Axxcess Wealth Management LLC now owns 7,782,062 shares of the company’s stock worth $393,694,000 after buying an additional 6,617,940 shares during the period. Bank of America Corp DE grew its position in shares of JPMorgan Ultra-Short Income ETF by 15.3% during the 2nd quarter. Bank of America Corp DE now owns 16,306,977 shares of the company’s stock worth $826,438,000 after buying an additional 2,162,615 shares during the period. Adventist Health System Sunbelt Healthcare Corp increased its stake in shares of JPMorgan Ultra-Short Income ETF by 215.9% in the 1st quarter. Adventist Health System Sunbelt Healthcare Corp now owns 2,811,500 shares of the company’s stock valued at $142,290,000 after acquiring an additional 1,921,600 shares during the last quarter. Finally, LPL Financial LLC increased its stake in shares of JPMorgan Ultra-Short Income ETF by 8.0% in the 4th quarter. LPL Financial LLC now owns 19,620,900 shares of the company’s stock valued at $992,621,000 after acquiring an additional 1,459,312 shares during the last quarter. 2.17% of the stock is owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Trading Down 0.0%

Shares of JPST traded down $0.01 on Friday, reaching $50.54. 7,027,578 shares of the company’s stock were exchanged, compared to its average volume of 6,562,168. The business has a 50 day moving average price of $50.49 and a two-hundred day moving average price of $50.53. JPMorgan Ultra-Short Income ETF has a 12 month low of $50.39 and a 12 month high of $50.79. The stock has a market capitalization of $40.41 billion, a P/E ratio of 109.87 and a beta of 0.01.

About JPMorgan Ultra-Short Income ETF

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.