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

JPMorgan Short Duration Core Plus ETF (NYSEARCA:JSCP) saw a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 49,649 shares, a decrease of 71.2% from the April 30th total of 172,151 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average trading volume of 148,352 shares, the days-to-cover ratio is currently 0.3 days.

JPMorgan Short Duration Core Plus ETF Trading Up 0.1%

NYSEARCA:JSCP traded up $0.04 on Friday, hitting $47.18. 143,641 shares of the stock were exchanged, compared to its average volume of 203,590. The stock has a market cap of $1.43 billion, a PE ratio of 8.12 and a beta of 0.12. The stock has a fifty day moving average of $47.19 and a 200-day moving average of $47.45. JPMorgan Short Duration Core Plus ETF has a fifty-two week low of $46.85 and a fifty-two week high of $47.87.

Institutional Investors Weigh In On JPMorgan Short Duration Core Plus ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Colonial Trust Advisors increased its stake in JPMorgan Short Duration Core Plus ETF by 164.2% during the fourth quarter. Colonial Trust Advisors now owns 708 shares of the company’s stock worth $34,000 after acquiring an additional 440 shares during the last quarter. Royal Bank of Canada acquired a new stake in JPMorgan Short Duration Core Plus ETF during the fourth quarter worth about $55,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of JPMorgan Short Duration Core Plus ETF in the second quarter valued at about $77,000. Flagship Capital Management Inc. acquired a new stake in shares of JPMorgan Short Duration Core Plus ETF in the fourth quarter valued at about $206,000. Finally, Barnes Wealth Management Group Inc grew its stake in shares of JPMorgan Short Duration Core Plus ETF by 10.4% in the third quarter. Barnes Wealth Management Group Inc now owns 5,182 shares of the company’s stock valued at $247,000 after buying an additional 488 shares in the last quarter.

JPMorgan Short Duration Core Plus ETF Company Profile

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.