JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) Stock Short Interest Declines 43.6%

JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) was the recipient of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 4,891,631 shares, a decrease of 43.6% from the September 30th total of 8,678,483 shares. Based on an average daily volume of 7,884,266 shares, the short-interest ratio is presently 0.6 days. Currently, 0.6% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kestra Private Wealth Services LLC grew its position in JPMorgan Ultra-Short Income ETF by 38.7% in the 3rd quarter. Kestra Private Wealth Services LLC now owns 237,910 shares of the company’s stock valued at $11,984,000 after purchasing an additional 66,388 shares during the period. Strategent Financial LLC increased its stake in JPMorgan Ultra-Short Income ETF by 221.1% during the 3rd quarter. Strategent Financial LLC now owns 161,678 shares of the company’s stock valued at $8,144,000 after purchasing an additional 111,330 shares in the last quarter. Clear Point Advisors Inc. increased its stake in JPMorgan Ultra-Short Income ETF by 45.4% during the 3rd quarter. Clear Point Advisors Inc. now owns 42,727 shares of the company’s stock valued at $2,152,000 after purchasing an additional 13,335 shares in the last quarter. Chicago Partners Investment Group LLC raised its holdings in JPMorgan Ultra-Short Income ETF by 22.8% during the third quarter. Chicago Partners Investment Group LLC now owns 133,483 shares of the company’s stock worth $6,722,000 after buying an additional 24,824 shares during the last quarter. Finally, Richardson Financial Services Inc. acquired a new position in JPMorgan Ultra-Short Income ETF during the third quarter worth $260,000. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPST stock traded up $0.02 on Friday, reaching $50.43. 6,177,415 shares of the company were exchanged, compared to its average volume of 6,925,898. The company has a 50-day moving average of $50.37 and a 200-day moving average of $50.50. The company has a market cap of $42.55 billion, a price-to-earnings ratio of 109.63 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a one year low of $50.20 and a one year high of $50.79.

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.