JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST – Get Free Report) was the recipient of a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 5,069,523 shares, an increase of 181.1% from the April 30th total of 1,803,400 shares. Based on an average trading volume of 5,612,528 shares, the short-interest ratio is presently 0.9 days. Currently, 0.7% of the shares of the company are short sold.
JPMorgan Ultra-Short Income ETF Stock Performance
JPST opened at $50.62 on Monday. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.42 and a fifty-two week high of $50.79. The firm’s fifty day moving average is $50.53 and its 200 day moving average is $50.62. The stock has a market cap of $37.62 billion, a price-to-earnings ratio of 110.04 and a beta of 0.01.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the company. Archer Investment Corp lifted its stake in shares of JPMorgan Ultra-Short Income ETF by 11.2% during the 3rd quarter. Archer Investment Corp now owns 1,991 shares of the company’s stock valued at $101,000 after buying an additional 200 shares in the last quarter. Nicholson Meyer Capital Management Inc. lifted its stake in shares of JPMorgan Ultra-Short Income ETF by 0.9% during the 1st quarter. Nicholson Meyer Capital Management Inc. now owns 22,287 shares of the company’s stock valued at $1,128,000 after buying an additional 202 shares in the last quarter. Lakeridge Wealth Management LLC lifted its stake in shares of JPMorgan Ultra-Short Income ETF by 4.5% during the 4th quarter. Lakeridge Wealth Management LLC now owns 4,770 shares of the company’s stock valued at $241,000 after buying an additional 206 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of JPMorgan Ultra-Short Income ETF by 2.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 8,585 shares of the company’s stock valued at $434,000 after buying an additional 221 shares in the last quarter. Finally, Lantern Wealth Advisors LLC lifted its stake in shares of JPMorgan Ultra-Short Income ETF by 5.0% during the 3rd quarter. Lantern Wealth Advisors LLC now owns 4,721 shares of the company’s stock valued at $240,000 after buying an additional 226 shares in the last quarter. Hedge funds and other institutional investors own 2.17% of the company’s stock.
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.
Read More
- Five stocks we like better than JPMorgan Ultra-Short Income ETF
- These 3 CLO ETFs Target a Niche Corner of the Fixed-Income Market
- 3 Ways to Play the Data Center Land Grab
- The Smarter Way to Invest in AI Without Taking Extreme Risk
- 3 Dividend Kings That Earn Their Crown Every Quarter
Receive News & Ratings for JPMorgan Ultra-Short Income ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Ultra-Short Income ETF and related companies with MarketBeat.com's FREE daily email newsletter.
