JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) Short Interest Up 132.8% in July

JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) saw a significant growth in short interest in July. As of July 31st, there was short interest totaling 2,586,960 shares, a growth of 132.8% from the July 15th total of 1,111,038 shares. Based on an average daily trading volume, of 5,774,136 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.3% of the company’s shares are sold short.

Hedge Funds Weigh In On JPMorgan Ultra-Short Income ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its holdings 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 in the last quarter. Morgan Stanley raised its position in 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 valued at $3,109,705,000 after buying an additional 1,449,509 shares during the period. LPL Financial LLC raised its position in 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 valued at $992,621,000 after buying an additional 1,459,312 shares during the period. Bank of America Corp DE lifted its stake in JPMorgan Ultra-Short Income ETF by 15.3% in the 2nd quarter. Bank of America Corp DE now owns 16,306,977 shares of the company’s stock worth $826,438,000 after acquiring an additional 2,162,615 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in JPMorgan Ultra-Short Income ETF by 1.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 11,445,396 shares of the company’s stock worth $579,023,000 after acquiring an additional 194,855 shares in the last quarter. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Trading Up 0.0%

Shares of JPST traded up $0.02 during midday trading on Friday, hitting $50.50. The stock had a trading volume of 4,608,615 shares, compared to its average volume of 6,600,632. The business has a 50-day simple moving average of $50.48 and a two-hundred day simple moving average of $50.54. The firm has a market cap of $40.38 billion, a P/E ratio of 109.78 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.39 and a fifty-two week 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.