Short Interest in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) Decreases By 28.5%

JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) was the recipient of a significant decrease in short interest in February. As of February 27th, there was short interest totaling 3,805,477 shares, a decrease of 28.5% from the February 12th total of 5,325,911 shares. Approximately 0.5% of the company’s stock are sold short. Based on an average daily volume of 5,449,748 shares, the short-interest ratio is currently 0.7 days. Based on an average daily volume of 5,449,748 shares, the short-interest ratio is currently 0.7 days. Approximately 0.5% of the company’s stock are sold short.

JPMorgan Ultra-Short Income ETF Stock Performance

JPMorgan Ultra-Short Income ETF stock remained flat at $50.52 during mid-day trading on Friday. 5,669,457 shares of the company’s stock traded hands, compared to its average volume of 6,990,942. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.30 and a 52-week high of $50.79. The business has a fifty day moving average price of $50.66 and a 200 day moving average price of $50.67. The firm has a market capitalization of $36.26 billion, a PE ratio of 109.83 and a beta of 0.01.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were issued a dividend of $0.1648 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. JPMorgan Ultra-Short Income ETF’s dividend payout ratio is currently 478.26%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. grew its holdings in JPMorgan Ultra-Short Income ETF by 10.1% during the fourth quarter. JPMorgan Chase & Co. now owns 106,472,614 shares of the company’s stock valued at $5,386,450,000 after purchasing an additional 9,729,791 shares during the last quarter. Morgan Stanley lifted its stake in shares of JPMorgan Ultra-Short Income ETF by 2.4% in the fourth quarter. Morgan Stanley now owns 61,468,768 shares of the company’s stock worth $3,109,705,000 after buying an additional 1,449,509 shares during the last quarter. LPL Financial LLC boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 8.0% during the 4th quarter. LPL Financial LLC now owns 19,620,900 shares of the company’s stock worth $992,621,000 after buying an additional 1,459,312 shares during the period. Bank of America Corp DE boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 15.3% during the 2nd quarter. Bank of America Corp DE now owns 16,306,977 shares of the company’s stock worth $826,438,000 after buying an additional 2,162,615 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in JPMorgan Ultra-Short Income ETF by 1.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 11,445,396 shares of the company’s stock valued at $579,023,000 after buying an additional 194,855 shares during the last quarter. 2.17% of the stock is owned by institutional investors.

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.