JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) Short Interest Up 538.3% in February

JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) was the target of a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 5,325,911 shares, a growth of 538.3% from the January 29th total of 834,388 shares. Approximately 0.7% of the company’s stock are short sold. Based on an average daily volume of 7,260,404 shares, the short-interest ratio is currently 0.7 days. Based on an average daily volume of 7,260,404 shares, the short-interest ratio is currently 0.7 days. Approximately 0.7% of the company’s stock are short sold.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPST stock traded up $0.01 during trading hours on Thursday, reaching $50.76. The company had a trading volume of 3,036,063 shares, compared to its average volume of 6,717,966. JPMorgan Ultra-Short Income ETF has a 12 month low of $50.30 and a 12 month high of $50.79. The business has a fifty day simple moving average of $50.69 and a 200-day simple moving average of $50.67. The company has a market cap of $36.42 billion, a price-to-earnings ratio of 110.34 and a beta of 0.01.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were issued a dividend of $0.172 per share. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend was Monday, February 2nd. JPMorgan Ultra-Short Income ETF’s payout ratio is currently 482.61%.

Institutional Trading of JPMorgan Ultra-Short Income ETF

Several institutional investors and hedge funds have recently made changes to their positions in JPST. TD Capital Management LLC grew its position in JPMorgan Ultra-Short Income ETF by 1.0% in the 4th quarter. TD Capital Management LLC now owns 266,755 shares of the company’s stock worth $13,495,000 after purchasing an additional 2,742 shares in the last quarter. MidFirst Bank purchased a new position in shares of JPMorgan Ultra-Short Income ETF in the 4th quarter worth approximately $3,734,000. Barnes Wealth Management Group Inc boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 48.8% in the 4th quarter. Barnes Wealth Management Group Inc now owns 76,691 shares of the company’s stock worth $3,880,000 after buying an additional 25,158 shares during the last quarter. Nolet Wealth Management LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF in the fourth quarter valued at approximately $3,015,000. Finally, Larch Capital Partners LLC purchased a new stake in shares of JPMorgan Ultra-Short Income ETF during the fourth quarter valued at approximately $419,000. Hedge funds and other institutional investors own 2.17% of the company’s stock.

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.