JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) Stock Short Interest Drops 80.6%

JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) was the recipient of a significant decline in short interest during the month of October. As of October 30th, there was short interest totaling 949,326 shares, a decline of 80.6% from the October 15th total of 4,891,631 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 8,357,401 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On JPMorgan Ultra-Short Income ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Strengthening Families & Communities LLC acquired a new position in JPMorgan Ultra-Short Income ETF during the second quarter worth about $28,000. Hughes Financial Services LLC grew its position in shares of JPMorgan Ultra-Short Income ETF by 75.8% in the third quarter. Hughes Financial Services LLC now owns 589 shares of the company’s stock valued at $30,000 after purchasing an additional 254 shares in the last quarter. Beacon Financial Strategies CORP acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the second quarter valued at approximately $34,000. Allied Private Wealth LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the second quarter valued at approximately $38,000. Finally, Rice Partnership LLC lifted its position in JPMorgan Ultra-Short Income ETF by 327.5% during the first quarter. Rice Partnership LLC now owns 855 shares of the company’s stock worth $43,000 after buying an additional 655 shares in the last quarter. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPST traded down $0.03 during trading hours on Thursday, hitting $50.26. 6,074,433 shares of the stock were exchanged, compared to its average volume of 6,940,186. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.20 and a 12-month high of $50.79. The company has a market cap of $42.48 billion, a price-to-earnings ratio of 109.25 and a beta of 0.02. The stock’s 50-day moving average price is $50.33 and its two-hundred day moving average price is $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.