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

JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) was the target of a significant drop in short interest in January. As of January 30th, there was short interest totaling 834,388 shares, a drop of 67.7% from the January 15th total of 2,586,535 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 7,484,481 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 7,484,481 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.

JPMorgan Ultra-Short Income ETF Stock Down 0.0%

NYSEARCA:JPST traded down $0.01 during trading hours on Wednesday, hitting $50.68. 5,082,069 shares of the stock were exchanged, compared to its average volume of 7,223,167. The company’s 50 day moving average is $50.67 and its two-hundred day moving average is $50.67. The company has a market capitalization of $36.37 billion, a P/E ratio of 110.16 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a twelve month low of $50.30 and a twelve month high of $50.79.

JPMorgan Ultra-Short Income ETF Cuts Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its holdings in JPMorgan Ultra-Short Income ETF by 10.1% in the fourth quarter. JPMorgan Chase & Co. now owns 106,472,614 shares of the company’s stock valued at $5,386,450,000 after buying an additional 9,729,791 shares during the period. Axxcess Wealth Management LLC raised its position in shares of JPMorgan Ultra-Short Income ETF by 568.5% during the 4th quarter. Axxcess Wealth Management LLC now owns 7,782,062 shares of the company’s stock valued at $393,694,000 after acquiring an additional 6,617,940 shares during the last quarter. Temasek Holdings Private Ltd acquired a new position in shares of JPMorgan Ultra-Short Income ETF in the 3rd quarter valued at $300,296,000. Bank of America Corp DE boosted its position in shares of JPMorgan Ultra-Short Income ETF by 15.3% in the 2nd quarter. Bank of America Corp DE now owns 16,306,977 shares of the company’s stock worth $826,438,000 after purchasing an additional 2,162,615 shares during the last quarter. Finally, LPL Financial LLC boosted its position in shares of JPMorgan Ultra-Short Income ETF by 8.0% in the 4th quarter. LPL Financial LLC now owns 19,620,900 shares of the company’s stock worth $992,621,000 after purchasing an additional 1,459,312 shares during the last quarter. 2.17% of the stock is currently owned by institutional investors and hedge funds.

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.