JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) Shares Shorted: Short Interest Down 43.6% in October

JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) was the recipient of a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 4,891,631 shares, a decrease of 43.6% from the September 30th total of 8,678,483 shares. Currently, 0.6% of the shares of the company are short sold. Based on an average daily trading volume, of 7,884,266 shares, the days-to-cover ratio is presently 0.6 days.

JPMorgan Ultra-Short Income ETF Trading Down 0.3%

JPST traded down $0.17 on Monday, hitting $50.26. 6,196,258 shares of the company’s stock traded hands, compared to its average volume of 6,922,496. The company’s 50 day simple moving average is $50.37 and its 200-day simple moving average is $50.50. JPMorgan Ultra-Short Income ETF has a one year low of $50.20 and a one year high of $50.79. The firm has a market cap of $42.41 billion, a price-to-earnings ratio of 109.26 and a beta of 0.01.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Rose Capital Advisors LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF during the 2nd quarter valued at about $543,000. Integrated Wealth Concepts LLC increased its holdings in JPMorgan Ultra-Short Income ETF by 3.3% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 1,168,286 shares of the company’s stock valued at $59,080,000 after purchasing an additional 37,846 shares during the period. First Citizens Financial Corp raised its holdings in JPMorgan Ultra-Short Income ETF by 31.8% in the 3rd quarter. First Citizens Financial Corp now owns 139,734 shares of the company’s stock worth $7,038,000 after purchasing an additional 33,723 shares in the last quarter. Worth Asset Management LLC lifted its holdings in JPMorgan Ultra-Short Income ETF by 81.2% in the third quarter. Worth Asset Management LLC now owns 187,616 shares of the company’s stock worth $9,450,000 after buying an additional 84,093 shares during the period. Finally, Requisite Capital Management LLC boosted its position in shares of JPMorgan Ultra-Short Income ETF by 29.4% during the second quarter. Requisite Capital Management LLC now owns 612,480 shares of the company’s stock valued at $30,973,000 after purchasing an additional 139,271 shares in the last quarter. 2.17% of the stock is owned by institutional investors and hedge funds.

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.