JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST – Get Free Report) saw a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 5,069,523 shares, an increase of 181.1% from the April 30th total of 1,803,400 shares. Currently, 0.7% of the shares of the company are sold short. Based on an average daily volume of 5,612,528 shares, the days-to-cover ratio is presently 0.9 days.
JPMorgan Ultra-Short Income ETF Stock Performance
Shares of NYSEARCA:JPST traded up $0.04 during midday trading on Friday, hitting $50.62. The company’s stock had a trading volume of 22,492,368 shares, compared to its average volume of 6,831,230. The stock has a market capitalization of $37.62 billion, a price-to-earnings ratio of 110.04 and a beta of 0.01. The stock’s 50 day simple moving average is $50.53 and its 200 day simple moving average is $50.62. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.42 and a fifty-two week high of $50.79.
Institutional Investors Weigh In On JPMorgan Ultra-Short Income ETF
Several hedge funds have recently made changes to their positions in JPST. Cardiff Park Advisors LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF in the third quarter valued at about $25,000. Jackson Hole Capital Partners LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF in the fourth quarter valued at about $28,000. MGB Wealth Management LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF in the third quarter valued at about $30,000. Sittner & Nelson LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF in the fourth quarter valued at about $30,000. Finally, Motiv8 Investments LLC bought a new stake in shares of JPMorgan Ultra-Short Income ETF in the fourth quarter valued at about $32,000. Institutional investors own 2.17% of the company’s stock.
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.
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