JPMorgan Ultra-Short Income ETF Sees $267.5 Million Inflow
Analyzing week-over-week changes in shares outstanding from various ETFs, the JPMorgan Ultra-Short Income ETF (Symbol: JPST) stands out this week. The ETF has experienced an inflow of approximately $267.5 million, reflecting a 0.9% increase in its outstanding units—from 603,300,000 to 608,600,000.
The accompanying chart illustrates JPST’s one-year price performance against its 200-day moving average:
Within the past 52 weeks, JPST’s lowest price was $50.25 per share, while the highest reached $50.75. Currently, the last trade stands at $50.48. Comparing the latest share price to the 200-day moving average can serve as a useful technical analysis tool.
Exchange-traded funds (ETFs) function similarly to stocks, but investors buy and sell “units.” These units can be traded back and forth and can also be created or destroyed based on investor demand. Each week, we track changes in shares outstanding to identify ETFs with significant inflows or outflows. The creation of new units often necessitates the purchase of underlying holdings, while the destruction of units usually involves selling components, which can impact the ETF’s individual assets.
For more insights on other ETFs with notable inflows, click here.
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
