JPMorgan Short Duration Core Plus ETF (NYSEARCA:JSCP) Sees Significant Growth in Short Interest

JPMorgan Short Duration Core Plus ETF (NYSEARCA:JSCP) was the recipient of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 418,002 shares, a growth of 668.5% from the July 15th total of 54,395 shares. Based on an average daily trading volume, of 319,081 shares, the short-interest ratio is presently 1.3 days. Approximately 1.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Colonial Trust Advisors raised its stake in shares of JPMorgan Short Duration Core Plus ETF by 164.2% during the 4th quarter. Colonial Trust Advisors now owns 708 shares of the company’s stock worth $34,000 after purchasing an additional 440 shares in the last quarter. Royal Bank of Canada bought a new position in shares of JPMorgan Short Duration Core Plus ETF in the fourth quarter valued at $55,000. Northwestern Mutual Wealth Management Co. acquired a new position in JPMorgan Short Duration Core Plus ETF during the second quarter worth $77,000. Cedar Mountain Advisors LLC bought a new stake in JPMorgan Short Duration Core Plus ETF during the second quarter worth $139,000. Finally, Barnes Wealth Management Group Inc raised its position in JPMorgan Short Duration Core Plus ETF by 10.4% during the third quarter. Barnes Wealth Management Group Inc now owns 5,182 shares of the company’s stock worth $247,000 after acquiring an additional 488 shares in the last quarter.

JPMorgan Short Duration Core Plus ETF Price Performance

NYSEARCA:JSCP traded up $0.08 on Thursday, hitting $46.98. 40,910 shares of the company’s stock were exchanged, compared to its average volume of 231,251. The firm has a 50-day moving average price of $46.95 and a 200-day moving average price of $47.21. JPMorgan Short Duration Core Plus ETF has a 52 week low of $46.76 and a 52 week high of $47.87. The company has a market cap of $1.71 billion, a P/E ratio of 8.12 and a beta of 0.12.

About JPMorgan Short Duration Core Plus ETF

The JPMorgan Short Duration Core Plus ETF (JSCP) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that invests in a portfolio of global fixed income securities of varying credit quality, and aims for a duration of three years or less. JSCP was launched on Mar 1, 2021 and is managed by JPMorgan Chase.