JPMorgan Short Duration Core Plus ETF (NYSEARCA:JSCP – Get Free Report) saw a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 86,246 shares, a drop of 79.4% from the July 30th total of 418,002 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 251,935 shares, the days-to-cover ratio is presently 0.3 days.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC lifted its stake in JPMorgan Short Duration Core Plus ETF by 88.8% in the second quarter. Ameritas Advisory Services LLC now owns 39,515 shares of the company’s stock valued at $1,863,000 after buying an additional 18,590 shares during the last quarter. Legacy Wealth Managment LLC ID increased its holdings in shares of JPMorgan Short Duration Core Plus ETF by 70.2% in the 2nd quarter. Legacy Wealth Managment LLC ID now owns 23,140 shares of the company’s stock valued at $1,091,000 after acquiring an additional 9,544 shares during the period. Concurrent Investment Advisors LLC increased its holdings in shares of JPMorgan Short Duration Core Plus ETF by 38.9% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 5,953 shares of the company’s stock valued at $281,000 after acquiring an additional 1,666 shares during the period. SkyOak Wealth LLC raised its position in JPMorgan Short Duration Core Plus ETF by 7.4% in the 2nd quarter. SkyOak Wealth LLC now owns 313,090 shares of the company’s stock valued at $14,761,000 after purchasing an additional 21,644 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. raised its position in JPMorgan Short Duration Core Plus ETF by 11.6% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 312,314 shares of the company’s stock valued at $14,724,000 after purchasing an additional 32,417 shares during the last quarter.
JPMorgan Short Duration Core Plus ETF Price Performance
Shares of JSCP traded down $0.03 during midday trading on Wednesday, reaching $46.97. 65,186 shares of the stock were exchanged, compared to its average volume of 231,133. JPMorgan Short Duration Core Plus ETF has a twelve month low of $46.76 and a twelve month high of $47.87. The company has a market capitalization of $1.71 billion, a price-to-earnings ratio of 8.12 and a beta of 0.12. The business’s 50-day moving average price is $46.94 and its 200 day moving average price is $47.17.
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.
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