Short Interest in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) Decreases By 62.7%

JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) was the recipient of a significant decrease in short interest in August. As of August 14th, there was short interest totaling 964,128 shares, a decrease of 62.7% from the July 30th total of 2,586,960 shares. Based on an average daily volume of 6,103,700 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the company’s shares are sold short.

Institutional Trading of JPMorgan Ultra-Short Income ETF

Several hedge funds have recently added to or reduced their stakes in JPST. HORAN Wealth LLC lifted its holdings in JPMorgan Ultra-Short Income ETF by 24.1% during the second quarter. HORAN Wealth LLC now owns 13,192 shares of the company’s stock worth $667,000 after acquiring an additional 2,564 shares in the last quarter. Wellington Grp LLC grew its stake in JPMorgan Ultra-Short Income ETF by 7.1% in the second quarter. Wellington Grp LLC now owns 269,355 shares of the company’s stock valued at $13,621,000 after acquiring an additional 17,741 shares during the period. HighTower Advisors LLC increased its holdings in shares of JPMorgan Ultra-Short Income ETF by 50.0% in the second quarter. HighTower Advisors LLC now owns 1,988,463 shares of the company’s stock worth $100,557,000 after acquiring an additional 662,886 shares in the last quarter. Ameritas Advisory Services LLC increased its holdings in shares of JPMorgan Ultra-Short Income ETF by 122.8% in the second quarter. Ameritas Advisory Services LLC now owns 409,731 shares of the company’s stock worth $20,720,000 after acquiring an additional 225,811 shares in the last quarter. Finally, Kintra Wealth LLC raised its position in shares of JPMorgan Ultra-Short Income ETF by 10.1% during the second quarter. Kintra Wealth LLC now owns 6,455 shares of the company’s stock worth $326,000 after purchasing an additional 594 shares during the period. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

JPST traded down $0.01 during mid-day trading on Friday, hitting $50.54. The stock had a trading volume of 7,027,578 shares, compared to its average volume of 6,562,168. The stock’s fifty day simple moving average is $50.49 and its 200-day simple moving average is $50.53. The firm has a market capitalization of $40.41 billion, a price-to-earnings ratio of 109.87 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.39 and a 1-year high of $50.79.

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.