JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) Short Interest Up 1,376.0% in April

JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) saw a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 1,803,400 shares, an increase of 1,376.0% from the April 15th total of 122,184 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 6,223,676 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of JPMorgan Ultra-Short Income ETF

Several hedge funds have recently added to or reduced their stakes in the business. Rice Partnership LLC raised its stake in JPMorgan Ultra-Short Income ETF by 327.5% during the 1st quarter. Rice Partnership LLC now owns 855 shares of the company’s stock worth $43,000 after buying an additional 655 shares during the period. Alpha Zero LLC acquired a new stake in JPMorgan Ultra-Short Income ETF during the 1st quarter worth $2,297,000. Ridgepath Capital Management LLC raised its stake in JPMorgan Ultra-Short Income ETF by 214.7% during the 1st quarter. Ridgepath Capital Management LLC now owns 938,877 shares of the company’s stock worth $47,517,000 after buying an additional 640,542 shares during the period. Johnson Financial Group Inc. raised its stake in JPMorgan Ultra-Short Income ETF by 7.0% during the 1st quarter. Johnson Financial Group Inc. now owns 163,260 shares of the company’s stock worth $8,263,000 after buying an additional 10,708 shares during the period. Finally, Beta Wealth Group Inc. raised its stake in JPMorgan Ultra-Short Income ETF by 122.4% during the 1st quarter. Beta Wealth Group Inc. now owns 15,223 shares of the company’s stock worth $770,000 after buying an additional 8,377 shares during the period. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of JPMorgan Ultra-Short Income ETF stock opened at $50.50 on Tuesday. The company has a market capitalization of $37.53 billion, a PE ratio of 109.78 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 12 month low of $50.42 and a 12 month high of $50.79. The stock’s fifty day simple moving average is $50.54 and its 200 day simple moving average is $50.63.

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.