JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) Sees Significant Drop in Short Interest

JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) was the recipient of a large decrease in short interest during the month of October. As of October 30th, there was short interest totaling 949,326 shares, a decrease of 80.6% from the October 15th total of 4,891,631 shares. Based on an average daily volume of 8,357,401 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the company are short sold.

Institutional Investors Weigh In On JPMorgan Ultra-Short Income ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Steward Partners Investment Advisory LLC boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 182.2% during the 3rd quarter. Steward Partners Investment Advisory LLC now owns 373,102 shares of the company’s stock worth $18,793,000 after purchasing an additional 240,880 shares during the last quarter. 49 Wealth Management LLC acquired a new stake in JPMorgan Ultra-Short Income ETF during the 3rd quarter worth approximately $2,335,000. Insigneo Advisory Services LLC raised its stake in shares of JPMorgan Ultra-Short Income ETF by 89.1% in the 3rd quarter. Insigneo Advisory Services LLC now owns 48,644 shares of the company’s stock valued at $2,450,000 after acquiring an additional 22,923 shares during the period. Southeast Asset Advisors LLC raised its position in JPMorgan Ultra-Short Income ETF by 15.6% in the third quarter. Southeast Asset Advisors LLC now owns 94,938 shares of the company’s stock valued at $4,782,000 after purchasing an additional 12,793 shares during the period. Finally, Palumbo Wealth Management LLC lifted its position in JPMorgan Ultra-Short Income ETF by 16.0% during the 3rd quarter. Palumbo Wealth Management LLC now owns 463,689 shares of the company’s stock worth $23,356,000 after acquiring an additional 63,926 shares in the last quarter. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of NYSEARCA:JPST traded up $0.03 on Friday, reaching $50.28. The company’s stock had a trading volume of 7,144,931 shares, compared to its average volume of 6,946,836. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.20 and a 52-week high of $50.79. The stock’s 50-day moving average is $50.33 and its two-hundred day moving average is $50.48. The stock has a market capitalization of $42.24 billion, a P/E ratio of 109.30 and a beta of 0.02.

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.