JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) Short Interest Up 538.3% in February

JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) saw a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 5,325,911 shares, a growth of 538.3% from the January 29th total of 834,388 shares. Currently, 0.7% of the company’s shares are sold short. Based on an average daily trading volume, of 7,260,404 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily trading volume, of 7,260,404 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.7% of the company’s shares are sold short.

JPMorgan Ultra-Short Income ETF Trading Up 0.0%

Shares of NYSEARCA JPST traded up $0.01 on Wednesday, reaching $50.75. 5,811,765 shares of the company traded hands, compared to its average volume of 6,841,655. The stock has a market capitalization of $36.42 billion, a PE ratio of 110.33 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.30 and a fifty-two week high of $50.79. The company has a 50 day moving average of $50.69 and a 200 day moving average of $50.67.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were paid a dividend of $0.172 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 4.1%. JPMorgan Ultra-Short Income ETF’s dividend payout ratio (DPR) is currently 482.61%.

Institutional Trading of JPMorgan Ultra-Short Income ETF

Institutional investors have recently made changes to their positions in the stock. Cardiff Park Advisors LLC purchased a new stake in JPMorgan Ultra-Short Income ETF during the third quarter valued at about $25,000. Rossmore Private Capital purchased a new stake in shares of JPMorgan Ultra-Short Income ETF during the 3rd quarter worth about $25,000. Jackson Hole Capital Partners LLC purchased a new stake in shares of JPMorgan Ultra-Short Income ETF during the 4th quarter worth about $28,000. Sittner & Nelson LLC acquired a new stake in JPMorgan Ultra-Short Income ETF during the 4th quarter worth approximately $30,000. Finally, MGB Wealth Management LLC purchased a new position in JPMorgan Ultra-Short Income ETF in the third quarter valued at approximately $30,000. 2.17% of the stock is owned by hedge funds and other institutional investors.

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.