JPMorgan Ultra-Short Income ETF Sees Notable Inflows This Week
Examining week-over-week changes in shares outstanding among the ETFs tracked by ETF Channel, the JPMorgan Ultra-Short Income ETF (Symbol: JPST) stands out. Recently, it experienced an inflow of approximately $333.7 million, translating to a 1.1% increase in outstanding units, rising from 612,250,000 to 618,850,000.
The chart below illustrates JPST’s one-year price performance alongside its 200-day moving average:
Based on the chart, JPST’s lowest point over the past 52 weeks is $50.20 per share, while its highest point reached $50.75. The most recent trade was recorded at $50.58. Comparing this share price to the 200-day moving average can provide insight for investors looking to analyze trends. More details on the 200-day moving average can be found here.
Exchange traded funds (ETFs) operate similarly to stocks, but instead of “shares,” investors buy and sell “units.” These units can be traded on the market, and they can also be created or destroyed based on investor demand. Each week, we track the changes in shares outstanding to identify ETFs with significant inflows or outflows. The creation of new units requires purchasing the ETF’s underlying assets, while the destruction of units necessitates selling these holdings. Consequently, large cash flows can affect the individual components within ETFs.
Click here to find out which 9 other ETFs have experienced notable inflows »
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- Consumer Goods Dividend Stock List
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- Funds Holding KBUF
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
