JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) Short Interest Down 93.7% in March

JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) was the target of a large decrease in short interest in the month of March. As of March 13th, there was short interest totaling 238,552 shares, a decrease of 93.7% from the February 26th total of 3,805,477 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 7,771,970 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily volume of 7,771,970 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Institutional Investors Weigh In On JPMorgan Ultra-Short Income ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Sandy Cove Advisors LLC lifted its holdings in JPMorgan Ultra-Short Income ETF by 3,571.4% during the 3rd quarter. Sandy Cove Advisors LLC now owns 150,711 shares of the company’s stock worth $7,646,000 after buying an additional 146,606 shares in the last quarter. AE Wealth Management LLC boosted its position in JPMorgan Ultra-Short Income ETF by 3.9% in the 3rd quarter. AE Wealth Management LLC now owns 336,526 shares of the company’s stock valued at $17,072,000 after buying an additional 12,743 shares during the period. Beacon Financial Advisory LLC grew its stake in shares of JPMorgan Ultra-Short Income ETF by 13.0% in the third quarter. Beacon Financial Advisory LLC now owns 112,249 shares of the company’s stock worth $5,694,000 after acquiring an additional 12,895 shares in the last quarter. Allen Capital Group LLC increased its position in shares of JPMorgan Ultra-Short Income ETF by 16.1% during the third quarter. Allen Capital Group LLC now owns 251,673 shares of the company’s stock worth $12,767,000 after acquiring an additional 34,921 shares during the period. Finally, Hershey Financial Advisers LLC purchased a new stake in shares of JPMorgan Ultra-Short Income ETF during the second quarter worth $3,946,000. 2.17% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of NYSEARCA:JPST traded down $0.01 during midday trading on Tuesday, reaching $50.55. 5,081,562 shares of the company’s stock were exchanged, compared to its average volume of 6,749,229. The stock has a market cap of $36.28 billion, a price-to-earnings ratio of 109.89 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.30 and a fifty-two week high of $50.79. The firm’s 50 day simple moving average is $50.65 and its two-hundred day simple moving average is $50.66.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were paid a dividend of $0.1648 per share. This represents a c) annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend was Monday, March 2nd. JPMorgan Ultra-Short Income ETF’s dividend payout ratio (DPR) is 478.26%.

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.