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

JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) saw a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 5,069,523 shares, an increase of 181.1% from the April 30th total of 1,803,400 shares. Approximately 0.7% of the shares of the company are short sold. Based on an average daily trading volume, of 5,612,528 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Trading of JPMorgan Ultra-Short Income ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in JPST. JPMorgan Chase & Co. grew its position in shares of JPMorgan Ultra-Short Income ETF by 10.1% in the fourth quarter. JPMorgan Chase & Co. now owns 106,472,614 shares of the company’s stock valued at $5,386,450,000 after purchasing an additional 9,729,791 shares during the period. Axxcess Wealth Management LLC grew its position in shares of JPMorgan Ultra-Short Income ETF by 568.5% in the fourth quarter. Axxcess Wealth Management LLC now owns 7,782,062 shares of the company’s stock valued at $393,694,000 after purchasing an additional 6,617,940 shares during the period. Temasek Holdings Private Ltd acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the third quarter valued at about $300,296,000. Bank of America Corp DE grew its position in shares of JPMorgan Ultra-Short Income ETF by 15.3% in the second quarter. Bank of America Corp DE now owns 16,306,977 shares of the company’s stock valued at $826,438,000 after purchasing an additional 2,162,615 shares during the period. Finally, Adventist Health System Sunbelt Healthcare Corp grew its position in shares of JPMorgan Ultra-Short Income ETF by 215.9% in the first quarter. Adventist Health System Sunbelt Healthcare Corp now owns 2,811,500 shares of the company’s stock valued at $142,290,000 after purchasing an additional 1,921,600 shares during the period. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

JPST stock traded up $0.04 during midday trading on Friday, hitting $50.62. 22,492,368 shares of the stock traded hands, compared to its average volume of 6,831,230. The firm has a market cap of $37.62 billion, a P/E ratio of 110.04 and a beta of 0.01. The stock’s fifty day simple moving average is $50.53 and its 200-day simple moving average is $50.62. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.42 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.