JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST – Get Free Report) was the recipient of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 2,775,575 shares, a decrease of 45.2% from the May 14th total of 5,069,523 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average trading volume of 7,603,377 shares, the short-interest ratio is presently 0.4 days.
Hedge Funds Weigh In On JPMorgan Ultra-Short Income ETF
Institutional investors have recently bought and sold shares of the stock. Cardiff Park Advisors LLC bought a new position in JPMorgan Ultra-Short Income ETF in the third quarter worth about $25,000. Jackson Hole Capital Partners LLC bought a new position in JPMorgan Ultra-Short Income ETF in the fourth quarter worth about $28,000. MGB Wealth Management LLC bought a new position in JPMorgan Ultra-Short Income ETF in the third quarter worth about $30,000. Sittner & Nelson LLC bought a new position in JPMorgan Ultra-Short Income ETF in the fourth quarter worth about $30,000. Finally, Motiv8 Investments LLC bought a new position in JPMorgan Ultra-Short Income ETF in the fourth quarter worth about $32,000. 2.17% of the stock is owned by institutional investors.
JPMorgan Ultra-Short Income ETF Stock Up 0.0%
Shares of NYSEARCA:JPST traded up $0.01 during midday trading on Friday, hitting $50.49. 4,636,395 shares of the stock traded hands, compared to its average volume of 6,817,244. The stock has a market capitalization of $37.53 billion, a PE ratio of 109.76 and a beta of 0.01. The business’s 50 day moving average is $50.51 and its two-hundred day moving average is $50.60. JPMorgan Ultra-Short Income ETF has a one year low of $50.41 and a one year high of $50.79.
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.
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