JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) Sees Large Increase in Short Interest

JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) was the recipient of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 8,678,483 shares, a growth of 1,115.7% from the September 15th total of 713,865 shares. Currently, 1.0% of the company’s shares are short sold. Based on an average daily volume of 9,482,331 shares, the short-interest ratio is currently 0.9 days.

Hedge Funds Weigh In On JPMorgan Ultra-Short Income ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Strengthening Families & Communities LLC purchased a new stake in JPMorgan Ultra-Short Income ETF in the second quarter worth about $28,000. Motiv8 Investments LLC purchased a new position in JPMorgan Ultra-Short Income ETF during the 4th quarter valued at about $32,000. Beacon Financial Strategies CORP bought a new stake in shares of JPMorgan Ultra-Short Income ETF in the 2nd quarter valued at about $34,000. Allied Private Wealth LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF in the 2nd quarter valued at about $38,000. Finally, Rice Partnership LLC lifted its position in shares of JPMorgan Ultra-Short Income ETF by 327.5% in the 1st quarter. Rice Partnership LLC now owns 855 shares of the company’s stock worth $43,000 after purchasing an additional 655 shares during the period. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Up 0.1%

NYSEARCA:JPST traded up $0.03 during midday trading on Friday, hitting $50.30. The stock had a trading volume of 4,960,720 shares, compared to its average volume of 6,802,942. The stock has a 50-day moving average of $50.40 and a 200 day moving average of $50.47. The company has a market capitalization of $42.40 billion, a price-to-earnings ratio of 109.35 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a one year low of $50.20 and a one year high of $50.79.

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.