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

JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) saw a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 1,096,986 shares, a decrease of 46.6% from the June 15th total of 2,056,059 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 6,872,762 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of JPMorgan Ultra-Short Income ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Abound Wealth Management raised its stake in shares of JPMorgan Ultra-Short Income ETF by 1,963.3% during the 2nd quarter. Abound Wealth Management now owns 1,011 shares of the company’s stock worth $51,000 after purchasing an additional 962 shares in the last quarter. Heck Capital Advisors LLC grew its stake in shares of JPMorgan Ultra-Short Income ETF by 31.4% in the second quarter. Heck Capital Advisors LLC now owns 9,747 shares of the company’s stock valued at $493,000 after buying an additional 2,329 shares in the last quarter. JFS Wealth Advisors LLC increased its holdings in JPMorgan Ultra-Short Income ETF by 2.3% during the second quarter. JFS Wealth Advisors LLC now owns 337,387 shares of the company’s stock worth $17,062,000 after buying an additional 7,700 shares during the last quarter. Canvas Wealth Advisors LLC raised its position in JPMorgan Ultra-Short Income ETF by 2.8% during the second quarter. Canvas Wealth Advisors LLC now owns 59,533 shares of the company’s stock worth $3,011,000 after acquiring an additional 1,621 shares in the last quarter. Finally, Rise Advisors LLC raised its position in JPMorgan Ultra-Short Income ETF by 5.7% during the second quarter. Rise Advisors LLC now owns 65,357 shares of the company’s stock worth $3,305,000 after acquiring an additional 3,550 shares in the last quarter. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

NYSEARCA JPST traded up $0.02 on Wednesday, reaching $50.49. The company had a trading volume of 1,721,049 shares, compared to its average volume of 6,693,070. The firm has a market capitalization of $39.91 billion, a price-to-earnings ratio of 109.76 and a beta of 0.01. The company’s fifty day moving average is $50.49 and its 200-day moving average is $50.57. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.39 and a 1-year high of $50.79.

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.