JPMorgan Short Duration Core Plus ETF (NYSEARCA:JSCP) Short Interest Down 89.8% in February

JPMorgan Short Duration Core Plus ETF (NYSEARCA:JSCP) saw a large drop in short interest in February. As of February 13th, there was short interest totaling 22,647 shares, a drop of 89.8% from the January 29th total of 222,899 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 215,751 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 215,751 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are short sold.

JPMorgan Short Duration Core Plus ETF Stock Performance

Shares of JSCP traded up $0.01 during midday trading on Wednesday, hitting $47.78. The company had a trading volume of 135,515 shares, compared to its average volume of 247,109. JPMorgan Short Duration Core Plus ETF has a 1 year low of $46.42 and a 1 year high of $47.81. The firm has a market capitalization of $1.28 billion, a P/E ratio of 8.12 and a beta of 0.13. The company’s 50-day simple moving average is $47.64 and its 200-day simple moving average is $47.59.

JPMorgan Short Duration Core Plus ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were issued a dividend of $0.1707 per share. This represents a c) annualized dividend and a yield of 4.3%. The ex-dividend date was Monday, February 2nd.

Institutional Investors Weigh In On JPMorgan Short Duration Core Plus ETF

A number of hedge funds and other institutional investors have recently modified their holdings of JSCP. EP Wealth Advisors LLC purchased a new position in shares of JPMorgan Short Duration Core Plus ETF during the fourth quarter worth about $101,684,000. Apella Capital LLC acquired a new stake in shares of JPMorgan Short Duration Core Plus ETF in the 3rd quarter valued at about $21,448,000. JPMorgan Chase & Co. grew its stake in JPMorgan Short Duration Core Plus ETF by 24.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,739,036 shares of the company’s stock worth $82,796,000 after buying an additional 340,343 shares during the last quarter. Bridgewealth Advisory Group LLC grew its stake in JPMorgan Short Duration Core Plus ETF by 1,425.4% during the 2nd quarter. Bridgewealth Advisory Group LLC now owns 297,180 shares of the company’s stock worth $14,098,000 after buying an additional 277,698 shares during the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new position in JPMorgan Short Duration Core Plus ETF during the third quarter worth approximately $12,974,000.

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.