JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST – Get Free Report) was the recipient of a large 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. Based on an average daily volume of 5,925,054 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.5% of the shares of the stock are short sold.
JPMorgan Ultra-Short Income ETF Stock Performance
JPMorgan Ultra-Short Income ETF stock traded up $0.01 on Friday, reaching $50.36. The company’s stock had a trading volume of 4,900,909 shares, compared to its average volume of 6,591,776. The business’s fifty day moving average price is $50.47 and its 200 day moving average price is $50.51. The company has a market cap of $40.27 billion, a price-to-earnings ratio of 109.48 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a twelve month low of $50.35 and a twelve month high of $50.79.
Institutional Investors Weigh In On JPMorgan Ultra-Short Income ETF
A number of hedge funds have recently added to or reduced their stakes in the stock. Cardiff Park Advisors LLC acquired a new position in JPMorgan Ultra-Short Income ETF during the 3rd quarter worth $25,000. Strengthening Families & Communities LLC acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the 2nd quarter valued at $28,000. Sittner & Nelson LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the fourth quarter worth $30,000. Motiv8 Investments LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF during the fourth quarter worth $32,000. Finally, Beacon Financial Strategies CORP acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the second quarter valued at $34,000. Institutional investors own 2.17% of the company’s stock.
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.
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