JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) Sees Significant Decrease in Short Interest

JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) was the target of a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 1,096,986 shares, a decline of 46.6% from the June 15th total of 2,056,059 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 6,872,762 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in JPST. Millennium Management LLC boosted its position in JPMorgan Ultra-Short Income ETF by 23.0% during the 1st quarter. Millennium Management LLC now owns 248,373 shares of the company’s stock worth $12,575,000 after buying an additional 46,400 shares during the period. Goldman Sachs Group Inc. acquired a new stake in JPMorgan Ultra-Short Income ETF in the first quarter worth $3,603,000. EverSource Wealth Advisors LLC increased its position in JPMorgan Ultra-Short Income ETF by 99.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 994 shares of the company’s stock valued at $50,000 after buying an additional 496 shares in the last quarter. First Trust Advisors LP acquired a new position in shares of JPMorgan Ultra-Short Income ETF during the second quarter worth approximately $203,000. Finally, Brown Advisory Inc. lifted its stake in shares of JPMorgan Ultra-Short Income ETF by 7.6% in the second quarter. Brown Advisory Inc. now owns 6,113 shares of the company’s stock valued at $310,000 after buying an additional 431 shares in the last quarter. Institutional investors own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Trading Up 0.0%

Shares of NYSEARCA:JPST traded up $0.02 during trading on Wednesday, reaching $50.49. 1,721,049 shares of the stock were exchanged, compared to its average volume of 6,693,070. JPMorgan Ultra-Short Income ETF has a 12 month low of $50.39 and a 12 month high of $50.79. The firm has a market cap of $39.91 billion, a PE ratio of 109.76 and a beta of 0.01. The stock has a 50-day moving average price of $50.49 and a 200-day moving average price of $50.57.

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.