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

JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) was the target of a significant decline in short interest during the month of 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 company’s stock are short sold. Based on an average daily trading volume, of 6,834,765 shares, the short-interest ratio is currently 0.4 days. Based on an average daily trading volume, of 6,834,765 shares, the short-interest ratio is currently 0.4 days. Currently, 0.4% of the company’s stock are short sold.

Hedge Funds Weigh In On JPMorgan Ultra-Short Income ETF

A number of institutional investors have recently bought and sold shares of JPST. Cardiff Park Advisors LLC bought a new stake in JPMorgan Ultra-Short Income ETF in the 3rd quarter valued at $25,000. Rossmore Private Capital acquired a new position in shares of JPMorgan Ultra-Short Income ETF in the third quarter valued at $25,000. MGB Wealth Management LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF in the third quarter valued at about $30,000. Brentview Investment Management LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF in the second quarter valued at about $35,000. Finally, Silicon Valley Capital Partners acquired a new stake in shares of JPMorgan Ultra-Short Income ETF during the 2nd quarter worth about $37,000. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

Shares of JPST opened at $50.75 on Thursday. The company has a market cap of $36.23 billion, a PE ratio of 110.33 and a beta of 0.01. The firm has a 50-day moving average of $50.67 and a 200-day moving average of $50.66. JPMorgan Ultra-Short Income ETF has a one year low of $50.30 and a one year high of $50.78.

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.