JPMorgan Ultra-Short Income ETF Sees Notable Inflows
JPMorgan’s ETF experiences a significant weekly increase in units outstanding.
Analyzing recent data from ETF Channel, the JPMorgan Ultra-Short Income ETF (Symbol: JPST) has shown a remarkable inflow of approximately $274.8 million. This marks a 1.0% increase in outstanding units, rising from 556,900,000 to 562,350,000 in just one week.
The chart below illustrates the price performance of JPST over the past year compared to its 200-day moving average:
According to the chart, JPST’s lowest price in the past 52 weeks was $50.20 per share, while the highest point reached $50.75. Currently, the ETF trades at $50.47. Investors often consider the 200-day moving average to gain insights into the ETF’s performance trends. To learn more about the 200-day moving average, explore additional resources.
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Exchange-traded funds (ETFs) operate similarly to stocks. However, instead of “shares,” investors buy and sell “units.” These units can both be traded like stocks and created or destroyed based on investor demand. Each week, we track changes in shares outstanding to identify ETFs experiencing noteworthy inflows or outflows. The increased creation of new units requires purchasing more underlying assets, while the destruction of units may lead to the sale of those assets. Consequently, such substantial movements can influence the individual stocks within these ETFs.
Click here to find out which 9 other ETFs had notable inflows »
Also see:
- Institutional Holders of VSTM
- ENS Next Dividend Date
- MFC Stock Predictions
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
