JPMorgan Short Duration Core Plus ETF (NYSEARCA:JSCP) Sees Large Decrease in Short Interest

JPMorgan Short Duration Core Plus ETF (NYSEARCA:JSCP) was the target of a significant decrease in short interest in August. As of August 14th, there was short interest totaling 86,246 shares, a decrease of 79.4% from the July 30th total of 418,002 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 251,935 shares, the days-to-cover ratio is presently 0.3 days.

JPMorgan Short Duration Core Plus ETF Stock Performance

JPMorgan Short Duration Core Plus ETF stock remained flat at $46.98 during mid-day trading on Thursday. The company’s stock had a trading volume of 212,211 shares, compared to its average volume of 231,102. The company has a market cap of $1.71 billion, a price-to-earnings ratio of 8.12 and a beta of 0.12. The firm’s 50 day simple moving average is $46.94 and its two-hundred day simple moving average is $47.17. JPMorgan Short Duration Core Plus ETF has a 12-month low of $46.76 and a 12-month high of $47.87.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. EP Wealth Advisors LLC acquired a new position in shares of JPMorgan Short Duration Core Plus ETF during the 4th quarter worth $101,684,000. Focus Partners Wealth bought a new stake in shares of JPMorgan Short Duration Core Plus ETF during the 4th quarter worth $11,803,000. Allworth Financial LP acquired a new stake in JPMorgan Short Duration Core Plus ETF in the fourth quarter valued at about $11,092,000. Thrivent Financial for Lutherans acquired a new stake in JPMorgan Short Duration Core Plus ETF in the fourth quarter valued at about $8,067,000. Finally, Jane Street Group LLC grew its position in JPMorgan Short Duration Core Plus ETF by 220.5% in the second quarter. Jane Street Group LLC now owns 216,731 shares of the company’s stock valued at $10,282,000 after acquiring an additional 149,111 shares during the last quarter.

JPMorgan Short Duration Core Plus ETF Company Profile

The JPMorgan Short Duration Core Plus ETF (JSCP) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that invests in a portfolio of global fixed income securities of varying credit quality, and aims for a duration of three years or less. JSCP was launched on Mar 1, 2021 and is managed by JPMorgan Chase.