JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) Short Interest Down 67.7% in January

JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) was the recipient of a large decrease in short interest in the month of January. As of January 30th, there was short interest totaling 834,388 shares, a decrease of 67.7% from the January 15th total of 2,586,535 shares. Based on an average daily volume of 7,484,481 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are short sold. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 7,484,481 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Cardiff Park Advisors LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF in the 3rd quarter valued at $25,000. Rossmore Private Capital acquired a new position in JPMorgan Ultra-Short Income ETF in the third quarter worth about $25,000. Jackson Hole Capital Partners LLC bought a new position in JPMorgan Ultra-Short Income ETF during the fourth quarter worth about $28,000. Sittner & Nelson LLC bought a new position in JPMorgan Ultra-Short Income ETF during the fourth quarter worth about $30,000. Finally, MGB Wealth Management LLC acquired a new stake in JPMorgan Ultra-Short Income ETF during the third quarter valued at approximately $30,000. 2.17% of the stock is owned by institutional investors.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of NYSEARCA:JPST traded down $0.01 on Wednesday, hitting $50.68. 5,082,069 shares of the company were exchanged, compared to its average volume of 7,223,167. The company’s 50 day moving average price is $50.67 and its two-hundred day moving average price is $50.67. The firm has a market capitalization of $36.37 billion, a price-to-earnings ratio of 110.16 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a one year low of $50.30 and a one year high of $50.79.

JPMorgan Ultra-Short Income ETF Cuts Dividend

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