JPMorgan Ultra-Short Income ETF Sees $355.5 Million Inflow
Fund Experiences Significant Growth in Unit Count
This week, the JPMorgan Ultra-Short Income ETF (Symbol: JPST) has caught attention due to an influx of approximately $355.5 million. This inflow represents a 1.2% increase in shares outstanding, rising from 571,850,000 to 578,900,000 units.
The chart below illustrates the one-year price performance of JPST compared to its 200-day moving average:
According to the chart, JPST’s low point over the past 52 weeks is $50.20 per share and its high point is $50.75, with a recent trade price recorded at $50.45. This context allows investors to compare the current share price against the 200-day moving average—a common technical analysis tool that can provide valuable insights.
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Exchange-traded funds (ETFs) operate similarly to stocks, with investors actually buying and selling ”units” rather than ”shares.” These units can be traded just like stocks and can also be created or destroyed based on investor activity. Weekly monitoring of changes in shares outstanding helps identify ETFs with significant inflows, indicating new units created, or outflows, showing older units destroyed. The creation of new units means that the ETF’s underlying assets need to be acquired, while the destruction of units necessitates selling those assets. As a result, substantial flows can impact the underlying securities held within ETFs.
Click here to find out which 9 other ETFs had notable inflows »
Also see:
- JJA Options Chain
- Cincinnati Financial MACD
- Funds Holding PMOM
The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.
