JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) Short Interest Up 132.8% in July

JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) was the recipient of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 2,586,960 shares, an increase of 132.8% from the July 15th total of 1,111,038 shares. Based on an average daily volume of 5,774,136 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.3% of the shares of the company are short sold.

JPMorgan Ultra-Short Income ETF Stock Performance

JPMorgan Ultra-Short Income ETF stock traded up $0.02 during midday trading on Friday, hitting $50.50. 4,608,615 shares of the company’s stock were exchanged, compared to its average volume of 6,600,632. JPMorgan Ultra-Short Income ETF has a 12-month low of $50.39 and a 12-month high of $50.79. The stock has a market cap of $40.38 billion, a price-to-earnings ratio of 109.78 and a beta of 0.01. The firm’s 50 day simple moving average is $50.48 and its 200 day simple moving average is $50.54.

Hedge Funds Weigh In On JPMorgan Ultra-Short Income ETF

Institutional investors have recently added to or reduced their stakes in the stock. Nicholson Meyer Capital Management Inc. grew its stake in shares of JPMorgan Ultra-Short Income ETF by 0.9% in the 1st quarter. Nicholson Meyer Capital Management Inc. now owns 22,287 shares of the company’s stock valued at $1,128,000 after purchasing an additional 202 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of JPMorgan Ultra-Short Income ETF by 2.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 8,585 shares of the company’s stock worth $434,000 after purchasing an additional 221 shares during the last quarter. Whipplewood Advisors LLC lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 1.2% during the first quarter. Whipplewood Advisors LLC now owns 18,494 shares of the company’s stock worth $936,000 after purchasing an additional 227 shares during the period. Vista Cima Wealth Management LLC grew its position in JPMorgan Ultra-Short Income ETF by 0.7% in the 2nd quarter. Vista Cima Wealth Management LLC now owns 34,917 shares of the company’s stock valued at $1,766,000 after buying an additional 239 shares during the last quarter. Finally, Keel Point LLC grew its position in JPMorgan Ultra-Short Income ETF by 1.4% in the 2nd quarter. Keel Point LLC now owns 17,002 shares of the company’s stock valued at $862,000 after buying an additional 239 shares during the last quarter. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Company Profile

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.