Short Interest in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) Declines By 46.6%

JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) was the recipient of a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 1,096,986 shares, a decline of 46.6% from the June 15th total of 2,056,059 shares. Based on an average daily volume of 6,872,762 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are sold short.

Hedge Funds Weigh In On JPMorgan Ultra-Short Income ETF

A number of institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. increased its position in JPMorgan Ultra-Short Income ETF by 10.1% during the 4th quarter. JPMorgan Chase & Co. now owns 106,472,614 shares of the company’s stock worth $5,386,450,000 after purchasing an additional 9,729,791 shares in the last quarter. Morgan Stanley boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 2.4% during the 4th quarter. Morgan Stanley now owns 61,468,768 shares of the company’s stock worth $3,109,705,000 after purchasing an additional 1,449,509 shares during the last quarter. LPL Financial LLC boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 8.0% during 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. Bank of America Corp DE grew its holdings in shares of JPMorgan Ultra-Short Income ETF by 15.3% during the second quarter. Bank of America Corp DE now owns 16,306,977 shares of the company’s stock worth $826,438,000 after buying an additional 2,162,615 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of JPMorgan Ultra-Short Income ETF by 1.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 11,445,396 shares of the company’s stock worth $579,023,000 after buying an additional 194,855 shares in the last quarter. 2.17% of the stock is owned by institutional investors and hedge funds.

JPMorgan Ultra-Short Income ETF Stock Performance

JPST stock traded up $0.02 on Friday, reaching $50.50. The company had a trading volume of 7,108,210 shares, compared to its average volume of 6,722,716. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.39 and a 1 year high of $50.79. The company’s fifty day moving average is $50.49 and its 200 day moving average is $50.57. The company has a market cap of $39.92 billion, a P/E ratio of 109.78 and a beta of 0.01.

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.