JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) Sees Large Increase in Short Interest

JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) saw a significant increase in short interest in September. As of September 30th, there was short interest totaling 8,678,483 shares, an increase of 1,115.7% from the September 15th total of 713,865 shares. Based on an average daily trading volume, of 9,482,331 shares, the short-interest ratio is currently 0.9 days. Approximately 1.0% of the company’s shares are sold short.

JPMorgan Ultra-Short Income ETF Price Performance

JPST traded up $0.03 on Friday, hitting $50.30. The company had a trading volume of 4,960,720 shares, compared to its average volume of 6,802,942. The stock has a fifty day simple moving average of $50.40 and a 200-day simple moving average of $50.47. The firm has a market capitalization of $42.40 billion, a P/E ratio of 109.35 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 52-week low of $50.20 and a 52-week high of $50.79.

Institutional Investors Weigh In On JPMorgan Ultra-Short Income ETF

Hedge funds have recently made changes to their positions in the company. Beacon Financial Advisory LLC grew its holdings in JPMorgan Ultra-Short Income ETF by 14.0% during the 2nd quarter. Beacon Financial Advisory LLC now owns 168,730 shares of the company’s stock valued at $8,533,000 after buying an additional 20,732 shares in the last quarter. Rose Capital Advisors LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF during the second quarter worth $543,000. Worth Asset Management LLC boosted its position in shares of JPMorgan Ultra-Short Income ETF by 81.2% during the third quarter. Worth Asset Management LLC now owns 187,616 shares of the company’s stock worth $9,450,000 after acquiring an additional 84,093 shares during the last quarter. Quadrant Capital Group LLC grew its stake in JPMorgan Ultra-Short Income ETF by 15.9% during the fourth quarter. Quadrant Capital Group LLC now owns 1,743,625 shares of the company’s stock valued at $88,210,000 after acquiring an additional 239,528 shares in the last quarter. Finally, Requisite Capital Management LLC grew its stake in JPMorgan Ultra-Short Income ETF by 29.4% during the second quarter. Requisite Capital Management LLC now owns 612,480 shares of the company’s stock valued at $30,973,000 after acquiring an additional 139,271 shares in the last quarter. 2.17% of the stock is currently owned by 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.