JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) Stock Short Interest Drops 81.8%

by · The Markets Daily

JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST – Get Free Report) was the recipient of a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 713,865 shares, a drop of 81.8% from the August 31st total of 3,928,750 shares. Based on an average trading volume of 7,628,831 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s shares are sold short.

JPMorgan Ultra-Short Income ETF Price Performance

JPST stock traded up $0.04 during midday trading on Friday, hitting $50.37. The stock had a trading volume of 5,371,408 shares, compared to its average volume of 6,671,679. The company’s 50-day moving average price is $50.45 and its 200 day moving average price is $50.49. The firm has a market cap of $41.79 billion, a PE ratio of 109.50 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.33 and a 12-month high of $50.79.

Hedge Funds Weigh In On JPMorgan Ultra-Short Income ETF

Large investors have recently added to or reduced their stakes in the business. Envestnet Portfolio Solutions Inc. purchased a new position in JPMorgan Ultra-Short Income ETF during the second quarter worth approximately $312,000. Anchor Investment Management LLC raised its position in shares of JPMorgan Ultra-Short Income ETF by 5.4% in the 2nd quarter. Anchor Investment Management LLC now owns 183,523 shares of the company’s stock worth $9,281,000 after buying an additional 9,452 shares during the period. Cherry Tree Wealth Management LLC boosted its holdings in JPMorgan Ultra-Short Income ETF by 13.1% in the second quarter. Cherry Tree Wealth Management LLC now owns 43,025 shares of the company’s stock valued at $2,176,000 after acquiring an additional 4,984 shares during the last quarter. MCF Advisors LLC boosted its holdings in JPMorgan Ultra-Short Income ETF by 1,036.7% in the second quarter. MCF Advisors LLC now owns 101,248 shares of the company’s stock valued at $5,120,000 after acquiring an additional 92,341 shares during the last quarter. Finally, Archford Capital Strategies LLC grew its position in JPMorgan Ultra-Short Income ETF by 2.7% during the second quarter. Archford Capital Strategies LLC now owns 154,344 shares of the company’s stock valued at $7,805,000 after acquiring an additional 4,067 shares during the period. 2.17% of the stock is currently owned by hedge funds and other institutional investors.

About JPMorgan Ultra-Short Income ETF

(Get Free Report)

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.

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