JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) Short Interest Up 1,376.0% in April

JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) saw a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 1,803,400 shares, a growth of 1,376.0% from the April 15th total of 122,184 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 6,223,676 shares, the short-interest ratio is presently 0.3 days.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPMorgan Ultra-Short Income ETF stock traded up $0.02 on Wednesday, reaching $50.52. 5,512,867 shares of the company were exchanged, compared to its average volume of 6,785,309. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.42 and a 1-year high of $50.79. The company has a market cap of $37.55 billion, a P/E ratio of 109.83 and a beta of 0.01. The stock’s 50 day moving average price is $50.54 and its 200-day moving average price is $50.63.

Institutional Investors Weigh In On JPMorgan Ultra-Short Income ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in shares of JPMorgan Ultra-Short Income ETF by 10.1% during the fourth quarter. JPMorgan Chase & Co. now owns 106,472,614 shares of the company’s stock worth $5,386,450,000 after purchasing an additional 9,729,791 shares during the last quarter. Morgan Stanley raised its stake in shares of JPMorgan Ultra-Short Income ETF by 2.4% during the fourth quarter. Morgan Stanley now owns 61,468,768 shares of the company’s stock worth $3,109,705,000 after purchasing an additional 1,449,509 shares during the last quarter. LPL Financial LLC raised its stake in shares of JPMorgan Ultra-Short Income ETF by 8.0% during the fourth quarter. LPL Financial LLC now owns 19,620,900 shares of the company’s stock worth $992,621,000 after purchasing an additional 1,459,312 shares during the last quarter. Bank of America Corp DE raised its stake in shares of JPMorgan Ultra-Short Income ETF by 15.3% during the second quarter. Bank of America Corp DE now owns 16,306,977 shares of the company’s stock worth $826,438,000 after purchasing an additional 2,162,615 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of JPMorgan Ultra-Short Income ETF by 1.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 11,445,396 shares of the company’s stock worth $579,023,000 after purchasing an additional 194,855 shares during the last quarter. Hedge funds and other institutional investors own 2.17% of the company’s stock.

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.