JPMorgan Ultra-Short Income ETF Faces Notable Outflow
Recent data from ETF Channel shows a significant outflow of approximately $628.8 million from the JPMorgan Ultra-Short Income ETF (Symbol: JPST). This represents a 2.2% week-over-week decline in shares outstanding, dropping from 564,950,000 to 552,500,000.
The chart below illustrates the one-year price performance of JPST in comparison to its 200-day moving average:
From the chart, it’s clear that JPST’s 52-week price range has seen a low of $50.20 per share and a high of $50.75. As of the last trade, JPST was priced at $50.52. Investors often use comparisons against the 200-day moving average as part of their technical analysis strategy.
Exchange Traded Funds (ETFs) are similar to stocks but involve ‘units’ instead of shares. These units can be traded like stocks and can also be created or destroyed based on investor demand. Each week, we analyze changes in shares outstanding to identify ETFs that experience significant inflows (indicating new unit creation) or outflows (indicating unit destruction). Creating new units necessitates purchasing underlying assets, whereas destroying units involves selling assets. Thus, large flow changes can influence the individual stocks within the ETFs.
Click here to find out which 9 other ETFs experienced notable outflows
Also see:
- EWY Average Annual Return
- Idexx Laboratories 13F Filers
- FDP Shares Outstanding History
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
