Short Interest in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) Grows By 297.2%
by Scott Moore · The Cerbat GemJPMorgan Ultra-Short Income ETF (NYSEARCA:JPST – Get Free Report) saw a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 5,117,069 shares, an increase of 297.2% from the December 15th total of 1,288,207 shares. Approximately 0.7% of the company’s stock are sold short. Based on an average daily trading volume, of 5,883,883 shares, the days-to-cover ratio is presently 0.9 days. Based on an average daily trading volume, of 5,883,883 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.7% of the company’s stock are sold short.
JPMorgan Ultra-Short Income ETF Price Performance
NYSEARCA JPST remained flat at $50.66 on Wednesday. 5,590,496 shares of the company’s stock traded hands, compared to its average volume of 6,539,766. The stock has a market capitalization of $35.94 billion, a P/E ratio of 110.13 and a beta of 0.01. The business has a 50 day simple moving average of $50.66 and a two-hundred day simple moving average of $50.65. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.30 and a 1 year high of $50.78.
Institutional Investors Weigh In On JPMorgan Ultra-Short Income ETF
A number of institutional investors and hedge funds have recently modified their holdings of the company. Cardiff Park Advisors LLC bought a new stake in JPMorgan Ultra-Short Income ETF in the third quarter valued at approximately $25,000. Rossmore Private Capital bought a new position in JPMorgan Ultra-Short Income ETF during the third quarter worth $25,000. MGB Wealth Management LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF in the third quarter valued at $30,000. Brentview Investment Management LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF in the second quarter valued at $35,000. Finally, Silicon Valley Capital Partners bought a new position in shares of JPMorgan Ultra-Short Income ETF in the second quarter valued at about $37,000. 2.17% of the stock is 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.