(JMST) JPMorgan Ultra-Short - Ratings and Ratios
Municipal Bonds, Short Duration, Tax-Free Income
Description: JMST JPMorgan Ultra-Short
JPMorgan Ultra-Short Municipal ETF (BATS:JMST) is an exchange-traded fund that primarily invests in municipal securities with income exempt from federal income tax. The fund maintains a short-term investment horizon, allocating up to 100% of its assets to short-term municipal instruments such as variable rate demand notes, short-term municipal notes, and tax-exempt commercial paper.
Key performance indicators (KPIs) for JMST include its yield, expense ratio, and average maturity. As a short-term municipal ETF, JMSTs yield is likely to be influenced by prevailing short-term interest rates and municipal market conditions. The funds expense ratio is a critical metric, as it directly impacts investor returns. A lower expense ratio is generally more desirable, as it indicates lower costs for investors. Additionally, the average maturity of the funds holdings is an essential KPI, as it provides insight into the funds interest rate risk and potential sensitivity to changes in market conditions.
From a portfolio management perspective, JMSTs investment strategy is centered around managing interest rate risk and maintaining liquidity. The funds ultra-short duration and focus on high-quality, short-term municipal securities enable it to navigate changing market conditions while providing investors with tax-exempt income. To evaluate JMSTs performance, investors can monitor its daily NAV, tracking error, and relative performance against its benchmark or peer group.
JMST ETF Overview
| Market Cap in USD | 4,399m |
| Category | Muni National Short |
| TER | 0.18% |
| IPO / Inception | 2018-10-16 |
JMST ETF Ratings
| Growth Rating | 70.3% |
| Fundamental | - |
| Dividend Rating | 66.3% |
| Return 12m vs S&P 500 | -12.7% |
| Analyst Rating | - |
JMST Dividends
| Dividend Yield 12m | 3.07% |
| Yield on Cost 5y | 3.36% |
| Annual Growth 5y | 30.52% |
| Payout Consistency | 85.1% |
| Payout Ratio | % |
JMST Growth Ratios
| Growth Correlation 3m | 99.9% |
| Growth Correlation 12m | 99.1% |
| Growth Correlation 5y | 86.7% |
| CAGR 5y | 1.99% |
| CAGR/Max DD 5y | 1.72 |
| Sharpe Ratio 12m | 0.86 |
| Alpha | -0.73 |
| Beta | -0.013 |
| Volatility | 0.56% |
| Current Volume | 598.1k |
| Average Volume 20d | 699.6k |
| Stop Loss | 49.5 (-3.1%) |
| Signal | 3.28 |
What is the price of JMST shares?
Over the past week, the price has changed by +0.11%, over one month by +0.31%, over three months by +1.11% and over the past year by +3.28%.
Is JPMorgan Ultra-Short a good stock to buy?
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of JMST is around 49.67 USD . This means that JMST is currently overvalued and has a potential downside of -2.72%.
Is JMST a buy, sell or hold?
What are the forecasts/targets for the JMST price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 54.1 | 6% |
Last update: 2025-08-30 04:46
JMST Fundamental Data Overview
CCE Cash And Equivalents = unknown
Revenue TTM is 0, using Net Income TTM 0.0 + Cost of Revenue 0.0 = 0.0 USD
Beta = 0.1
Revenue TTM = 0.0 USD
EBIT TTM = 0.0 USD
EBITDA TTM = 0.0 USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 4.40b USD (4.40b + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
FCF Yield = none (FCF TTM 0.0 / Enterprise Value 4.40b)
FCF Margin = unknown (Revenue TTM is 0)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 4.40b / Book Value Of Equity 0.0)
Interest Expense / Debt = 0.0% (Interest Expense 0.0 / Debt none)
Taxrate = 21.0% (US default)
NOPAT = 0.0 (EBIT 0.0, no tax applied on loss)
Current Ratio = unknown (Total Current Assets none / Total Current Liabilities none)
Debt / Equity = unknown Debt (none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 0.0)
Debt / FCF = none (Debt none / FCF TTM 0.0)
Total Stockholder Equity = unknown
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity none)
RoCE = unknown (Ebit 0.0 / (Equity none + L.T.Debt none))
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, Ebit 0.0)
WACC = unknown (E(4.40b)/V(0.0) * Re(5.97%)) + (D(none)/V(0.0) * Rd(0.0%) * (1-Tc(0.21)))
Discount Rate = 5.97% (= CAPM, Blume Beta Adj.) -> floored to rf + ERP 8.05%
Fair Price DCF = unknown (Cash Flow 0.0)
Additional Sources for JMST ETF
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle