Short Interest in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) Drops By 49.5%

JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) was the recipient of a large decline in short interest in January. As of January 15th, there was short interest totaling 2,586,535 shares, a decline of 49.5% from the December 31st total of 5,117,069 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average trading volume of 6,834,765 shares, the short-interest ratio is presently 0.4 days. Based on an average trading volume of 6,834,765 shares, the short-interest ratio is presently 0.4 days. Currently, 0.4% of the shares of the stock are short sold.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of NYSEARCA JPST opened at $50.75 on Thursday. JPMorgan Ultra-Short Income ETF has a 52 week low of $50.30 and a 52 week high of $50.78. The stock has a market capitalization of $36.23 billion, a P/E ratio of 110.33 and a beta of 0.01. The stock’s fifty day moving average is $50.67 and its 200 day moving average is $50.66.

Hedge Funds Weigh In On JPMorgan Ultra-Short Income ETF

Hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its position in shares of JPMorgan Ultra-Short Income ETF by 8.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 96,742,823 shares of the company’s stock worth $4,907,764,000 after acquiring an additional 7,786,258 shares in the last quarter. Temasek Holdings Private Ltd acquired a new stake in shares of JPMorgan Ultra-Short Income ETF in the 3rd quarter valued at $300,296,000. Bank of America Corp DE increased its stake in shares of JPMorgan Ultra-Short Income ETF by 15.3% in the 2nd quarter. Bank of America Corp DE now owns 16,306,977 shares of the company’s stock valued at $826,438,000 after purchasing an additional 2,162,615 shares during the last quarter. RiverFront Investment Group LLC raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 941.7% during the 2nd quarter. RiverFront Investment Group LLC now owns 1,258,877 shares of the company’s stock worth $63,800,000 after buying an additional 1,138,031 shares in the last quarter. Finally, Foster Dykema Cabot & Partners LLC raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 42.2% during the 2nd quarter. Foster Dykema Cabot & Partners LLC now owns 3,814,842 shares of the company’s stock worth $193,336,000 after buying an additional 1,132,264 shares in the last quarter. 2.17% of the stock is owned by institutional investors.

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.