JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) Short Interest Up 307.5% in August

JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) saw a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 3,928,750 shares, a growth of 307.5% from the August 15th total of 964,128 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average daily volume of 5,925,054 shares, the short-interest ratio is presently 0.7 days.

Hedge Funds Weigh In On JPMorgan Ultra-Short Income ETF

Several hedge funds have recently bought and sold shares of JPST. TPG Financial Advisors LLC increased its position in shares of JPMorgan Ultra-Short Income ETF by 60.0% during the fourth quarter. TPG Financial Advisors LLC now owns 48,492 shares of the company’s stock worth $2,453,000 after acquiring an additional 18,183 shares during the period. First Business Financial Services Inc. raised its position in JPMorgan Ultra-Short Income ETF by 7.3% during the 4th quarter. First Business Financial Services Inc. now owns 217,698 shares of the company’s stock valued at $11,013,000 after purchasing an additional 14,901 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 286.0% in the 4th quarter. Thrivent Financial for Lutherans now owns 1,266,826 shares of the company’s stock worth $64,162,000 after buying an additional 938,617 shares during the period. Novare Capital Management LLC grew its position in shares of JPMorgan Ultra-Short Income ETF by 17.2% during the 4th quarter. Novare Capital Management LLC now owns 93,523 shares of the company’s stock worth $4,731,000 after buying an additional 13,705 shares in the last quarter. Finally, Beacon Financial Advisory LLC raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 14.0% in the second quarter. Beacon Financial Advisory LLC now owns 168,730 shares of the company’s stock valued at $8,533,000 after acquiring an additional 20,732 shares in the last quarter. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of NYSEARCA JPST opened at $50.36 on Friday. JPMorgan Ultra-Short Income ETF has a 1 year low of $50.35 and a 1 year high of $50.79. The firm has a 50-day simple moving average of $50.47 and a two-hundred day simple moving average of $50.51. The company has a market cap of $40.27 billion, a P/E ratio of 109.48 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.