JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) Short Interest Update

JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) was the recipient of a large growth in short interest in August. As of August 31st, there was short interest totaling 3,928,750 shares, a growth of 307.5% from the August 15th total of 964,128 shares. Based on an average daily trading volume, of 5,925,054 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.5% of the company’s stock are sold short.

Institutional Trading of JPMorgan Ultra-Short Income ETF

Several institutional investors have recently added to or reduced their stakes in the stock. Millennium Management LLC lifted its holdings in JPMorgan Ultra-Short Income ETF by 23.0% during the 1st quarter. Millennium Management LLC now owns 248,373 shares of the company’s stock worth $12,575,000 after buying an additional 46,400 shares during the last quarter. Goldman Sachs Group Inc. bought a new stake in shares of JPMorgan Ultra-Short Income ETF in the 1st quarter valued at approximately $3,603,000. EverSource Wealth Advisors LLC raised its position in shares of JPMorgan Ultra-Short Income ETF by 99.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 994 shares of the company’s stock valued at $50,000 after acquiring an additional 496 shares in the last quarter. First Trust Advisors LP acquired a new stake in shares of JPMorgan Ultra-Short Income ETF during the 2nd quarter valued at approximately $203,000. Finally, Brown Advisory Inc. lifted its stake in JPMorgan Ultra-Short Income ETF by 7.6% during the second quarter. Brown Advisory Inc. now owns 6,113 shares of the company’s stock worth $310,000 after purchasing an additional 431 shares during the last quarter. 2.17% of the stock is owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPST opened at $50.36 on Monday. The stock has a 50-day moving average price of $50.47 and a 200 day moving average price of $50.51. JPMorgan Ultra-Short Income ETF has a one year low of $50.35 and a one year high of $50.79. The company has a market capitalization of $40.27 billion, a P/E ratio of 109.48 and a beta of 0.01.

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.