JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) Stock Short Interest Drops 80.6%

JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) saw a large drop in short interest in the month of October. As of October 30th, there was short interest totaling 949,326 shares, a drop of 80.6% from the October 15th total of 4,891,631 shares. Based on an average daily trading volume, of 8,357,401 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. HB Wealth Management LLC grew its stake in JPMorgan Ultra-Short Income ETF by 5.4% during the 2nd quarter. HB Wealth Management LLC now owns 10,065,428 shares of the company’s stock worth $506,509,000 after purchasing an additional 514,497 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 11.1% in the 1st quarter. Royal Bank of Canada now owns 5,372,821 shares of the company’s stock valued at $271,917,000 after buying an additional 534,875 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 7.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,647,775 shares of the company’s stock valued at $184,468,000 after buying an additional 245,314 shares during the period. Cetera Investment Advisers boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 10.2% in the 1st quarter. Cetera Investment Advisers now owns 3,377,302 shares of the company’s stock valued at $170,925,000 after buying an additional 312,033 shares during the period. Finally, Adventist Health System Sunbelt Healthcare Corp grew its position in shares of JPMorgan Ultra-Short Income ETF by 215.9% during the first quarter. Adventist Health System Sunbelt Healthcare Corp now owns 2,811,500 shares of the company’s stock worth $142,290,000 after buying an additional 1,921,600 shares in the last quarter. 2.17% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of NYSEARCA:JPST traded down $0.03 during trading on Thursday, hitting $50.26. The company’s stock had a trading volume of 6,074,433 shares, compared to its average volume of 6,940,186. The business has a 50 day moving average price of $50.33 and a two-hundred day moving average price of $50.49. The company has a market capitalization of $42.48 billion, a PE ratio of 109.25 and a beta of 0.02. JPMorgan Ultra-Short Income ETF has a fifty-two week low of $50.20 and a fifty-two week 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.