JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) Short Interest Down 62.7% in August

JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) was the recipient of a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 964,128 shares, a drop of 62.7% from the July 30th total of 2,586,960 shares. Based on an average daily volume of 6,103,700 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s shares are short sold.

JPMorgan Ultra-Short Income ETF Trading Down 0.0%

JPST stock traded down $0.01 during trading on Friday, reaching $50.54. 7,027,578 shares of the stock were exchanged, compared to its average volume of 6,562,168. The business has a 50 day moving average price of $50.49 and a 200-day moving average price of $50.53. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.39 and a 1 year high of $50.79. The firm has a market capitalization of $40.41 billion, a price-to-earnings ratio of 109.87 and a beta of 0.01.

Institutional Trading of JPMorgan Ultra-Short Income ETF

Institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 10.1% in the 4th quarter. JPMorgan Chase & Co. now owns 106,472,614 shares of the company’s stock worth $5,386,450,000 after acquiring an additional 9,729,791 shares during the last quarter. Axxcess Wealth Management LLC increased its holdings in JPMorgan Ultra-Short Income ETF by 568.5% in the 4th 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 last quarter. Bank of America Corp DE increased its holdings 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 valued at $826,438,000 after purchasing an additional 2,162,615 shares during the last quarter. Adventist Health System Sunbelt Healthcare Corp raised its position in 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. Finally, LPL Financial LLC raised its position in JPMorgan Ultra-Short Income ETF by 8.0% in the fourth quarter. LPL Financial LLC now owns 19,620,900 shares of the company’s stock valued at $992,621,000 after purchasing an additional 1,459,312 shares during the period. Hedge funds and other institutional investors own 2.17% of the company’s stock.

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.