JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) Stock Short Interest Falls 43.6%

JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) saw a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 4,891,631 shares, a decline of 43.6% from the September 30th total of 8,678,483 shares. Currently, 0.6% of the company’s stock are sold short. Based on an average daily trading volume, of 7,884,266 shares, the short-interest ratio is currently 0.6 days.

Institutional Trading of JPMorgan Ultra-Short Income ETF

A number of institutional investors and hedge funds have recently modified their holdings of the business. Strengthening Families & Communities LLC purchased a new stake in shares of JPMorgan Ultra-Short Income ETF during the 2nd quarter valued at $28,000. Hughes Financial Services LLC boosted its holdings in shares of JPMorgan Ultra-Short Income ETF by 75.8% in the 3rd quarter. Hughes Financial Services LLC now owns 589 shares of the company’s stock worth $30,000 after buying an additional 254 shares during the last quarter. Beacon Financial Strategies CORP purchased a new position in shares of JPMorgan Ultra-Short Income ETF in the 2nd quarter worth about $34,000. Allied Private Wealth LLC bought a new position in JPMorgan Ultra-Short Income ETF during the second quarter valued at about $38,000. Finally, Rice Partnership LLC grew its position in JPMorgan Ultra-Short Income ETF by 327.5% during the first quarter. Rice Partnership LLC now owns 855 shares of the company’s stock valued at $43,000 after buying an additional 655 shares during the period. 2.17% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Stock Up 0.0%

JPST stock traded up $0.02 during trading on Friday, reaching $50.43. The stock had a trading volume of 6,177,415 shares, compared to its average volume of 6,925,898. JPMorgan Ultra-Short Income ETF has a one year low of $50.20 and a one year high of $50.79. The company’s 50 day moving average is $50.37 and its two-hundred day moving average is $50.50. The company has a market capitalization of $42.55 billion, a price-to-earnings ratio of 109.63 and a beta of 0.01.

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.