JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) Sees Significant Drop in Short Interest

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

Hedge Funds Weigh In On JPMorgan Ultra-Short Income ETF

Large investors have recently bought and sold shares of the stock. Cardiff Park Advisors LLC acquired a new position in JPMorgan Ultra-Short Income ETF during the 3rd quarter valued at about $25,000. Jackson Hole Capital Partners LLC acquired a new position in JPMorgan Ultra-Short Income ETF during the 4th quarter valued at about $28,000. MGB Wealth Management LLC acquired a new position in JPMorgan Ultra-Short Income ETF during the 3rd quarter valued at about $30,000. Sittner & Nelson LLC acquired a new position in JPMorgan Ultra-Short Income ETF during the 4th quarter valued at about $30,000. Finally, Motiv8 Investments LLC acquired a new position in JPMorgan Ultra-Short Income ETF during the 4th quarter valued at about $32,000. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

NYSEARCA:JPST remained flat at $50.52 during mid-day trading on Tuesday. 6,188,885 shares of the company traded hands, compared to its average volume of 6,828,030. The stock has a market capitalization of $37.55 billion, a PE ratio of 109.83 and a beta of 0.01. The stock’s 50 day moving average is $50.51 and its 200 day moving average is $50.60. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.41 and a 12-month high of $50.79.

About JPMorgan Ultra-Short Income ETF

(Get Free Report)

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.

Further Reading

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