JPMorgan Ultra-Short Municipal ETF (NYSEARCA:JMST) Short Interest Down 59.6% in August

JPMorgan Ultra-Short Municipal ETF (NYSEARCA:JMST) was the recipient of a significant decrease in short interest in August. As of August 31st, there was short interest totaling 90,343 shares, a decrease of 59.6% from the August 15th total of 223,698 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 1,017,961 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of JPMorgan Ultra-Short Municipal ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE grew its position in JPMorgan Ultra-Short Municipal ETF by 5.8% during the first quarter. Bank of America Corp DE now owns 4,184,621 shares of the company’s stock worth $213,332,000 after buying an additional 227,838 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in shares of JPMorgan Ultra-Short Municipal ETF by 5.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,973,128 shares of the company’s stock worth $202,391,000 after acquiring an additional 192,499 shares in the last quarter. HB Wealth Management LLC boosted its stake in shares of JPMorgan Ultra-Short Municipal ETF by 28.1% during the 2nd quarter. HB Wealth Management LLC now owns 3,268,293 shares of the company’s stock worth $166,683,000 after acquiring an additional 716,311 shares in the last quarter. LPL Financial LLC grew its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 1.8% in the 4th quarter. LPL Financial LLC now owns 3,024,296 shares of the company’s stock worth $154,058,000 after acquiring an additional 54,500 shares during the period. Finally, Resonant Capital Advisors LLC grew its holdings in shares of JPMorgan Ultra-Short Municipal ETF by 20.1% in the 1st quarter. Resonant Capital Advisors LLC now owns 1,719,248 shares of the company’s stock worth $87,647,000 after acquiring an additional 287,225 shares during the period.

JPMorgan Ultra-Short Municipal ETF Price Performance

JPMorgan Ultra-Short Municipal ETF stock traded up $0.01 during midday trading on Monday, reaching $50.77. The company’s stock had a trading volume of 1,471,605 shares, compared to its average volume of 1,231,322. JPMorgan Ultra-Short Municipal ETF has a fifty-two week low of $50.75 and a fifty-two week high of $51.13. The stock’s 50 day simple moving average is $50.89 and its 200 day simple moving average is $50.92.

JPMorgan Ultra-Short Municipal ETF Company Profile

The JPMorgan Ultra-Short Municipal Income ETF (JMST) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed portfolio of US municipal bonds with a weighted average maturity of two years or less. JMST was launched on Oct 16, 2018 and is managed by JPMorgan Chase.