JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) Short Interest Down 46.6% in June

JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) was the recipient of a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 1,096,986 shares, a decline of 46.6% from the June 15th total of 2,056,059 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 6,872,762 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On JPMorgan Ultra-Short Income ETF

A number of large investors have recently made changes to their positions in the company. Millennium Management LLC raised its holdings in shares of JPMorgan Ultra-Short Income ETF by 23.0% in the first quarter. Millennium Management LLC now owns 248,373 shares of the company’s stock worth $12,575,000 after buying an additional 46,400 shares during the period. Goldman Sachs Group Inc. purchased a new position in JPMorgan Ultra-Short Income ETF during the 1st quarter valued at $3,603,000. EverSource Wealth Advisors LLC grew its position in JPMorgan Ultra-Short Income ETF by 99.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 994 shares of the company’s stock valued at $50,000 after acquiring an additional 496 shares during the last quarter. First Trust Advisors LP purchased a new stake in JPMorgan Ultra-Short Income ETF in the second quarter worth $203,000. Finally, Brown Advisory Inc. increased its stake in JPMorgan Ultra-Short Income ETF by 7.6% in the second quarter. Brown Advisory Inc. now owns 6,113 shares of the company’s stock worth $310,000 after purchasing an additional 431 shares during the period. 2.17% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Ultra-Short Income ETF Stock Performance

JPST remained flat at $50.48 during trading on Thursday. The company had a trading volume of 7,680,964 shares, compared to its average volume of 6,719,831. The business’s 50 day moving average is $50.49 and its 200 day moving average is $50.57. The company has a market capitalization of $39.90 billion, a PE ratio of 109.74 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 12 month low of $50.39 and a 12 month high of $50.79.

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.