JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) Short Interest Update
by Doug Wharley · The Cerbat GemJPMorgan Ultra-Short Income ETF (NYSEARCA:JPST – Get Free Report) was the recipient of a large decline in short interest in December. As of December 15th, there was short interest totaling 1,288,207 shares, a decline of 63.6% from the November 30th total of 3,540,795 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily volume of 5,291,945 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 5,291,945 shares, the short-interest ratio is currently 0.2 days. Currently, 0.2% of the company’s stock are sold short.
JPMorgan Ultra-Short Income ETF Price Performance
Shares of JPST stock traded up $0.02 during trading hours on Friday, reaching $50.75. The company had a trading volume of 3,857,005 shares, compared to its average volume of 6,149,227. The company has a market cap of $34.28 billion, a price-to-earnings ratio of 110.33 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 12 month low of $50.30 and a 12 month high of $50.78. The business has a fifty day simple moving average of $50.67 and a 200-day simple moving average of $50.64.
Institutional Trading of JPMorgan Ultra-Short Income ETF
Institutional investors have recently made changes to their positions in the company. Temasek Holdings Private Ltd purchased a new position in JPMorgan Ultra-Short Income ETF during the first quarter worth about $842,655,000. JPMorgan Chase & Co. lifted its position in shares of JPMorgan Ultra-Short Income ETF by 8.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 96,742,823 shares of the company’s stock worth $4,907,764,000 after buying an additional 7,786,258 shares in the last quarter. Bank of America Corp DE boosted its stake 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 buying an additional 2,162,615 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of JPMorgan Ultra-Short Income ETF by 22.6% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 6,853,875 shares of the company’s stock valued at $346,121,000 after acquiring an additional 1,265,522 shares in the last quarter. Finally, RiverFront Investment Group LLC grew its holdings in shares of JPMorgan Ultra-Short Income ETF by 941.7% in the second quarter. RiverFront Investment Group LLC now owns 1,258,877 shares of the company’s stock valued at $63,800,000 after acquiring an additional 1,138,031 shares in the last quarter. Institutional investors own 2.17% of the company’s stock.
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.