JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) Sees Significant Decrease in Short Interest

JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) was the recipient of a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 713,865 shares, a decrease of 81.8% from the August 31st total of 3,928,750 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 7,628,831 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of JPST. Strengthening Families & Communities LLC purchased a new position in JPMorgan Ultra-Short Income ETF in the second quarter worth about $28,000. Sittner & Nelson LLC acquired a new stake in JPMorgan Ultra-Short Income ETF during the fourth quarter worth about $30,000. Motiv8 Investments LLC purchased a new position in JPMorgan Ultra-Short Income ETF during the fourth quarter worth approximately $32,000. Beacon Financial Strategies CORP acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the second quarter valued at approximately $34,000. Finally, Allied Private Wealth LLC purchased a new position in JPMorgan Ultra-Short Income ETF in the 2nd quarter worth approximately $38,000. 2.17% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Price Performance

JPMorgan Ultra-Short Income ETF stock traded up $0.04 during mid-day trading on Friday, hitting $50.37. The company’s stock had a trading volume of 5,371,408 shares, compared to its average volume of 6,671,679. The stock has a market cap of $41.79 billion, a price-to-earnings ratio of 109.50 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 12 month low of $50.33 and a 12 month high of $50.79. The business has a 50 day moving average price of $50.45 and a 200-day moving average price of $50.49.

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.