JPMorgan Ultra-Short Municipal ETF (NYSEARCA:JMST) Sees Large Drop in Short Interest

JPMorgan Ultra-Short Municipal ETF (NYSEARCA:JMSTGet Free Report) was the target of a significant decline in short interest in August. As of August 31st, there was short interest totaling 90,343 shares, a decline of 59.6% from the August 15th total of 223,698 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 1,017,961 shares, the short-interest ratio is presently 0.1 days.

JPMorgan Ultra-Short Municipal ETF Stock Performance

Shares of NYSEARCA:JMST opened at $50.76 on Friday. JPMorgan Ultra-Short Municipal ETF has a 52 week low of $50.75 and a 52 week high of $51.13. The company has a 50-day moving average price of $50.89 and a 200 day moving average price of $50.93.

Institutional Trading of JPMorgan Ultra-Short Municipal ETF

Hedge funds have recently modified their holdings of the business. Allspring Global Investments Holdings LLC purchased a new stake in shares of JPMorgan Ultra-Short Municipal ETF during the 1st quarter worth $36,000. US Bancorp DE lifted its stake in shares of JPMorgan Ultra-Short Municipal ETF by 130.6% in the third quarter. US Bancorp DE now owns 1,153 shares of the company’s stock valued at $59,000 after purchasing an additional 653 shares during the period. Godfrey Financial Associates Inc. purchased a new stake in JPMorgan Ultra-Short Municipal ETF during the fourth quarter worth about $71,000. MidAtlantic Capital Management Inc. purchased a new stake in JPMorgan Ultra-Short Municipal ETF during the fourth quarter worth about $80,000. Finally, Core Wealth Advisors LLC acquired a new position in JPMorgan Ultra-Short Municipal ETF during the fourth quarter worth about $83,000.

JPMorgan Ultra-Short Municipal ETF Company Profile

(Get Free Report)

The JPMorgan Ultra-Short Municipal Income ETF (JMST) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed portfolio of US municipal bonds with a weighted average maturity of two years or less. JMST was launched on Oct 16, 2018 and is managed by JPMorgan Chase.

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