Short Interest in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) Grows By 538.3%

JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) saw a large increase in short interest in the month of February. As of February 13th, there was short interest totaling 5,325,911 shares, an increase of 538.3% from the January 29th total of 834,388 shares. Based on an average trading volume of 7,260,404 shares, the short-interest ratio is currently 0.7 days. Approximately 0.7% of the shares of the stock are sold short. Approximately 0.7% of the shares of the stock are sold short. Based on an average trading volume of 7,260,404 shares, the short-interest ratio is currently 0.7 days.

Institutional Investors Weigh In On JPMorgan Ultra-Short Income ETF

Several institutional investors and hedge funds have recently made changes to their positions in the business. Millennium Management LLC lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 23.0% in the first quarter. Millennium Management LLC now owns 248,373 shares of the company’s stock valued at $12,575,000 after purchasing an additional 46,400 shares in the last quarter. Goldman Sachs Group Inc. purchased a new position in shares of JPMorgan Ultra-Short Income ETF during the 1st quarter worth approximately $3,603,000. Focus Partners Advisor Solutions LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the 2nd quarter worth approximately $333,000. Wealthfront Advisers LLC lifted its stake in JPMorgan Ultra-Short Income ETF by 14.0% in the 2nd quarter. Wealthfront Advisers LLC now owns 45,693 shares of the company’s stock valued at $2,316,000 after buying an additional 5,615 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in JPMorgan Ultra-Short Income ETF by 34.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,990,344 shares of the company’s stock valued at $202,169,000 after buying an additional 1,027,118 shares in the last quarter. 2.17% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Stock Up 0.0%

Shares of JPST traded up $0.01 on Wednesday, reaching $50.75. The stock had a trading volume of 5,811,765 shares, compared to its average volume of 6,841,655. JPMorgan Ultra-Short Income ETF has a twelve month low of $50.30 and a twelve month high of $50.79. The firm has a market capitalization of $36.42 billion, a PE ratio of 110.33 and a beta of 0.01. The firm has a 50-day moving average of $50.69 and a 200 day moving average of $50.67.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd were given a $0.172 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. JPMorgan Ultra-Short Income ETF’s dividend payout ratio (DPR) is currently 482.61%.

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.