JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) Sees Large Growth in Short Interest

JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) saw a significant growth in short interest in September. As of September 30th, there was short interest totaling 8,678,483 shares, a growth of 1,115.7% from the September 15th total of 713,865 shares. Currently, 1.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 9,482,331 shares, the short-interest ratio is currently 0.9 days.

JPMorgan Ultra-Short Income ETF Stock Up 0.1%

JPMorgan Ultra-Short Income ETF stock traded up $0.03 during midday trading on Friday, reaching $50.30. 4,960,720 shares of the stock traded hands, compared to its average volume of 6,802,942. The stock has a market cap of $42.40 billion, a P/E ratio of 109.35 and a beta of 0.01. The stock’s fifty day moving average is $50.40 and its 200-day moving average is $50.47. JPMorgan Ultra-Short Income ETF has a 12 month low of $50.20 and a 12 month high of $50.79.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Strengthening Families & Communities LLC purchased a new stake in JPMorgan Ultra-Short Income ETF during the second quarter valued at $28,000. Motiv8 Investments LLC bought a new position in JPMorgan Ultra-Short Income ETF during the fourth quarter valued at $32,000. Beacon Financial Strategies CORP purchased a new position in shares of JPMorgan Ultra-Short Income ETF in the 2nd quarter worth $34,000. Allied Private Wealth LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF in the 2nd quarter worth $38,000. Finally, Rice Partnership LLC increased its holdings in shares of JPMorgan Ultra-Short Income ETF by 327.5% in the 1st quarter. Rice Partnership LLC now owns 855 shares of the company’s stock worth $43,000 after buying an additional 655 shares during the last quarter. 2.17% of the stock is owned by hedge funds and other institutional investors.

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.