JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) Sees Significant Growth in Short Interest
by Teresa Graham · The Cerbat GemJPMorgan Ultra-Short Income ETF (NYSEARCA:JPST – Get Free Report) was the recipient of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 1,803,400 shares, a growth of 1,376.0% from the April 15th total of 122,184 shares. Based on an average daily trading volume, of 6,223,676 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.2% of the company’s shares are short sold.
Hedge Funds Weigh In On JPMorgan Ultra-Short Income ETF
Several large investors have recently added to or reduced their stakes in the business. Rice Partnership LLC lifted 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 worth $43,000 after buying an additional 655 shares during the period. Alpha Zero LLC purchased a new position in JPMorgan Ultra-Short Income ETF during the first quarter worth about $2,297,000. Ridgepath Capital Management LLC increased its stake in JPMorgan Ultra-Short Income ETF by 214.7% during the first quarter. Ridgepath Capital Management LLC now owns 938,877 shares of the company’s stock worth $47,517,000 after acquiring an additional 640,542 shares during the last quarter. Johnson Financial Group Inc. increased its stake in JPMorgan Ultra-Short Income ETF by 7.0% during the first quarter. Johnson Financial Group Inc. now owns 163,260 shares of the company’s stock worth $8,263,000 after acquiring an additional 10,708 shares during the last quarter. Finally, Beta Wealth Group Inc. increased its stake in JPMorgan Ultra-Short Income ETF by 122.4% during the first quarter. Beta Wealth Group Inc. now owns 15,223 shares of the company’s stock worth $770,000 after acquiring an additional 8,377 shares during the last quarter. 2.17% of the stock is currently owned by hedge funds and other institutional investors.
JPMorgan Ultra-Short Income ETF Price Performance
NYSEARCA JPST remained flat at $50.50 during trading hours on Monday. The company had a trading volume of 4,347,204 shares, compared to its average volume of 6,821,989. The stock has a 50-day simple moving average of $50.54 and a 200 day simple moving average of $50.63. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.42 and a 1 year high of $50.79. The firm has a market capitalization of $37.53 billion, a price-to-earnings ratio of 109.78 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.