JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) Short Interest Update

JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) was the target of a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 2,775,575 shares, a decline of 45.2% from the May 14th total of 5,069,523 shares. Based on an average trading volume of 7,603,377 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.4% of the shares of the company are sold short.

JPMorgan Ultra-Short Income ETF Price Performance

NYSEARCA JPST traded up $0.01 during trading on Friday, hitting $50.49. 4,636,395 shares of the company’s stock traded hands, compared to its average volume of 6,817,244. The stock has a fifty day moving average of $50.51 and a two-hundred day moving average of $50.60. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.41 and a 12-month high of $50.79. The firm has a market cap of $37.53 billion, a P/E ratio of 109.76 and a beta of 0.01.

Institutional Trading of JPMorgan Ultra-Short Income ETF

Institutional investors have recently added to or reduced their stakes in the business. Cardiff Park Advisors LLC purchased a new stake in JPMorgan Ultra-Short Income ETF during the third quarter valued at about $25,000. Jackson Hole Capital Partners LLC purchased a new stake in JPMorgan Ultra-Short Income ETF during the fourth quarter valued at about $28,000. MGB Wealth Management LLC purchased a new stake in JPMorgan Ultra-Short Income ETF during the third quarter valued at about $30,000. Sittner & Nelson LLC purchased a new stake in JPMorgan Ultra-Short Income ETF during the fourth quarter valued at about $30,000. Finally, Motiv8 Investments LLC purchased a new stake in JPMorgan Ultra-Short Income ETF during the fourth quarter valued at about $32,000. 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.