JPMorgan Short Duration Core Plus ETF (NYSEARCA:JSCP – Get Free Report) was the target of a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 86,246 shares, a decrease of 79.4% from the July 30th total of 418,002 shares. Based on an average daily trading volume, of 251,935 shares, the short-interest ratio is presently 0.3 days. Approximately 0.2% of the shares of the company are sold short.
JPMorgan Short Duration Core Plus ETF Trading Down 0.1%
Shares of JSCP traded down $0.03 during mid-day trading on Wednesday, hitting $46.97. 65,186 shares of the company’s stock were exchanged, compared to its average volume of 231,133. JPMorgan Short Duration Core Plus ETF has a fifty-two week low of $46.76 and a fifty-two week high of $47.87. The business’s 50 day moving average is $46.94 and its two-hundred day moving average is $47.17. The firm has a market capitalization of $1.71 billion, a P/E ratio of 8.12 and a beta of 0.12.
Institutional Trading of JPMorgan Short Duration Core Plus ETF
A number of hedge funds have recently added to or reduced their stakes in JSCP. Colonial Trust Advisors increased its holdings in shares of JPMorgan Short Duration Core Plus ETF by 164.2% in the fourth quarter. Colonial Trust Advisors now owns 708 shares of the company’s stock valued at $34,000 after purchasing an additional 440 shares during the period. Royal Bank of Canada acquired a new stake in shares of JPMorgan Short Duration Core Plus ETF during the fourth quarter worth $55,000. Northwestern Mutual Wealth Management Co. purchased a new position in JPMorgan Short Duration Core Plus ETF in the 2nd quarter valued at $77,000. Cedar Mountain Advisors LLC purchased a new position in JPMorgan Short Duration Core Plus ETF in the 2nd quarter valued at $139,000. Finally, Barnes Wealth Management Group Inc increased its stake in JPMorgan Short Duration Core Plus ETF by 10.4% in the 3rd quarter. Barnes Wealth Management Group Inc now owns 5,182 shares of the company’s stock valued at $247,000 after buying an additional 488 shares during the period.
About JPMorgan Short Duration Core Plus ETF
The JPMorgan Short Duration Core Plus ETF (JSCP) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that invests in a portfolio of global fixed income securities of varying credit quality, and aims for a duration of three years or less. JSCP was launched on Mar 1, 2021 and is managed by JPMorgan Chase.
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