Short Interest in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) Expands By 307.5%

JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) saw a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 3,928,750 shares, an increase of 307.5% from the August 15th total of 964,128 shares. Approximately 0.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 5,925,054 shares, the short-interest ratio is currently 0.7 days.

JPMorgan Ultra-Short Income ETF Stock Performance

JPST stock opened at $50.36 on Friday. The firm has a market cap of $40.27 billion, a PE ratio of 109.48 and a beta of 0.01. The firm has a fifty day moving average price of $50.47 and a 200 day moving average price of $50.51. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.35 and a fifty-two week high of $50.79.

Institutional Investors Weigh In On JPMorgan Ultra-Short Income ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JPST. Cardiff Park Advisors LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF in the 3rd quarter worth approximately $25,000. Strengthening Families & Communities LLC bought a new stake in JPMorgan Ultra-Short Income ETF in the second quarter worth $28,000. Sittner & Nelson LLC bought a new stake in JPMorgan Ultra-Short Income ETF in the fourth quarter worth $30,000. Motiv8 Investments LLC bought a new stake in JPMorgan Ultra-Short Income ETF in the fourth quarter worth $32,000. Finally, Beacon Financial Strategies CORP purchased a new position in JPMorgan Ultra-Short Income ETF during the second quarter worth $34,000. 2.17% of the stock is currently owned by hedge funds and other institutional investors.

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.