JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) Shares Shorted: Short Interest Up 1,115.7% in September

JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) was the recipient of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 8,678,483 shares, an increase of 1,115.7% from the September 15th total of 713,865 shares. Currently, 1.0% of the company’s stock are short sold. Based on an average daily volume of 9,482,331 shares, the short-interest ratio is presently 0.9 days.

JPMorgan Ultra-Short Income ETF Trading Up 0.1%

JPST traded up $0.03 on Friday, hitting $50.30. 4,960,720 shares of the company were exchanged, compared to its average volume of 6,802,942. JPMorgan Ultra-Short Income ETF has a twelve month low of $50.20 and a twelve month high of $50.79. The company has a market cap of $42.40 billion, a price-to-earnings ratio of 109.35 and a beta of 0.01. The firm has a 50-day moving average price of $50.40 and a two-hundred day moving average price of $50.47.

Hedge Funds Weigh In On JPMorgan Ultra-Short Income ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. HB Wealth Management LLC raised its holdings in JPMorgan Ultra-Short Income ETF by 5.4% in the second quarter. HB Wealth Management LLC now owns 10,065,428 shares of the company’s stock valued at $506,509,000 after acquiring an additional 514,497 shares in the last quarter. Royal Bank of Canada grew its holdings in JPMorgan Ultra-Short Income ETF by 11.1% during the 1st quarter. Royal Bank of Canada now owns 5,372,821 shares of the company’s stock worth $271,917,000 after acquiring an additional 534,875 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in JPMorgan Ultra-Short Income ETF by 7.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,647,775 shares of the company’s stock worth $184,468,000 after acquiring an additional 245,314 shares in the last quarter. Cetera Investment Advisers grew its holdings in JPMorgan Ultra-Short Income ETF by 10.2% during the 1st quarter. Cetera Investment Advisers now owns 3,377,302 shares of the company’s stock worth $170,925,000 after acquiring an additional 312,033 shares in the last quarter. Finally, Adventist Health System Sunbelt Healthcare Corp grew its holdings in JPMorgan Ultra-Short Income ETF by 215.9% during the 1st quarter. Adventist Health System Sunbelt Healthcare Corp now owns 2,811,500 shares of the company’s stock worth $142,290,000 after acquiring an additional 1,921,600 shares in the last quarter. Hedge funds and other 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.