JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) Short Interest Update

JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) saw a large decrease in short interest in the month of February. As of February 27th, there was short interest totaling 3,805,477 shares, a decrease of 28.5% from the February 12th total of 5,325,911 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average daily volume of 5,449,748 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily volume of 5,449,748 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.5% of the company’s shares are short sold.

JPMorgan Ultra-Short Income ETF Stock Performance

Shares of NYSEARCA:JPST remained flat at $50.52 during midday trading on Friday. The stock had a trading volume of 5,669,457 shares, compared to its average volume of 6,990,942. JPMorgan Ultra-Short Income ETF has a 1-year low of $50.30 and a 1-year high of $50.79. The business has a 50 day moving average of $50.66 and a two-hundred day moving average of $50.67. The company has a market cap of $36.26 billion, a PE ratio of 109.83 and a beta of 0.01.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were issued a dividend of $0.1648 per share. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 3.9%. JPMorgan Ultra-Short Income ETF’s dividend payout ratio (DPR) is 478.26%.

Hedge Funds Weigh In On JPMorgan Ultra-Short Income ETF

Institutional investors have recently modified their holdings of the stock. Rossmore Private Capital acquired a new position in JPMorgan Ultra-Short Income ETF during the third quarter valued at approximately $25,000. Cardiff Park Advisors LLC acquired a new stake in JPMorgan Ultra-Short Income ETF in the third quarter worth $25,000. Jackson Hole Capital Partners LLC bought a new position in shares of JPMorgan Ultra-Short Income ETF during the fourth quarter worth $28,000. MGB Wealth Management LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF in the 3rd quarter valued at $30,000. Finally, Sittner & Nelson LLC acquired a new position in shares of JPMorgan Ultra-Short Income ETF in the 4th quarter valued at $30,000. 2.17% of the stock is currently owned by institutional investors and hedge funds.

About JPMorgan Ultra-Short Income ETF

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.