Short Interest in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) Increases By 297.2%

JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) was the target of a significant increase in short interest in 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 short-interest ratio is presently 0.9 days. Based on an average daily trading volume, of 5,883,883 shares, the short-interest ratio is presently 0.9 days. Approximately 0.7% of the company’s stock are sold short.

Institutional Trading of JPMorgan Ultra-Short Income ETF

A number of hedge funds have recently made changes to their positions in the stock. Millennium Management LLC increased its stake in JPMorgan Ultra-Short Income ETF by 23.0% in the 1st quarter. Millennium Management LLC now owns 248,373 shares of the company’s stock valued at $12,575,000 after buying an additional 46,400 shares during the period. Goldman Sachs Group Inc. purchased a new position in shares of JPMorgan Ultra-Short Income ETF during the 1st quarter valued at $3,603,000. Jones Financial Companies Lllp grew its holdings in shares of JPMorgan Ultra-Short Income ETF by 84.4% during the 1st quarter. Jones Financial Companies Lllp now owns 834,658 shares of the company’s stock valued at $42,250,000 after acquiring an additional 381,973 shares in the last quarter. O Connor Financial Group LLC increased its stake in shares of JPMorgan Ultra-Short Income ETF by 31.7% in the second quarter. O Connor Financial Group LLC now owns 127,340 shares of the company’s stock worth $6,431,000 after acquiring an additional 30,683 shares during the last quarter. Finally, Lowe Wealth Advisors LLC raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 1.8% during the second quarter. Lowe Wealth Advisors LLC now owns 200,946 shares of the company’s stock worth $10,184,000 after acquiring an additional 3,469 shares in the last quarter. 2.17% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Stock Performance

NYSEARCA:JPST traded up $0.01 during trading hours on Tuesday, hitting $50.66. 2,711,000 shares of the company’s stock traded hands, compared to its average volume of 6,395,890. The stock’s fifty day moving average price is $50.66 and its two-hundred day moving average price is $50.65. The firm has a market cap of $35.88 billion, a P/E ratio of 110.12 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a twelve month low of $50.30 and a twelve month high of $50.78.

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.