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JPMorgan Ultra-Short Municipal Income ETF (JMST)

Muni National Short | Exchange Traded Fund | NYSEArca
50.93 USD
After hours: 50.93
Short-term:★★⯪☆☆Long-term:★★⯪☆☆Dividends:★★★☆☆
Hot Take ↕ | July 11, 2026, 2:50 a.m. EDT

This instrument is a stable, low-volatility municipal bond fund offering a 2.65% yield, which provides a solid floor for capital preservation. However, the price action over the last six years reveals a persistent struggle to generate meaningful capital appreciation, with the asset trading essentially flat despite periods of modest recovery. The recent price history shows negligible movement, hovering within a tight range that offers no significant momentum catalyst. While the dividend stream is consistent and reliable, the lack of price growth and the absence of any speculative options interest indicate that investors view this purely as a defensive parking spot for cash, not a growth engine. It is a sensible choice for stability, but it lacks the characteristics required for a high-conviction investment.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoTheta ✓0.000607
AutoARIMA0.000613
AutoETS0.000613
MSTL0.000618
MSTL_1260.001214

Forecast horizon: 60 days | Selected: AutoTheta

Forecast Reliability
Score 90%
H-stat 1.33
Ljung-Box p 0.000
Jarque-Bera p 0.593
Excess Kurtosis -0.64

As of July 11, 2026, 2:50 a.m. EDT: Options activity is virtually non-existent, with zero volume and open interest recorded for both near-term calls and September puts. This lack of speculative positioning suggests the market views the instrument as a cash-equivalent holding rather than a vehicle for directional bets.

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.21% 2.62% 3.03% 2.35%
Dividend History
Date Dividend Yield %
2026-07-01 0.108 0.212181
2026-06-01 0.104 0.204523
2026-05-01 0.121 0.237861
2026-04-01 0.103 0.202318
2026-03-02 0.116 0.227496
2026-02-02 0.097 0.190159
2025-12-31 0.107 0.210051
2025-12-01 0.116 0.228077
2025-11-03 0.109 0.214314
2025-10-01 0.121 0.237698
2025-09-02 0.119 0.233723
2025-08-01 0.114 0.223969
2025-07-01 0.124 0.244022
2025-06-02 0.122 0.240465
2025-05-01 0.136 0.268245
2025-04-01 0.130 0.255503
2025-03-03 0.128 0.251919
2025-02-03 0.121 0.238236
2024-12-31 0.122 0.240584
2024-12-02 0.136 0.267822
2024-11-01 0.135 0.266377
2024-10-01 0.142 0.279418
2024-09-03 0.145 0.285265
2024-08-01 0.137 0.269844
2024-07-01 0.141 0.278601
2024-06-03 0.144 0.284697
2024-05-01 0.155 0.306385
2024-04-01 0.140 0.276735
2024-03-01 0.145 0.286222
2024-02-01 0.140 0.276189
2023-12-28 0.139 0.274270
2023-12-01 0.139 0.274541
2023-11-01 0.146 0.290028
2023-10-02 0.144 0.286339
2023-09-01 0.145 0.287299
2023-08-01 0.126 0.249604
2023-07-03 0.135 0.267142
2023-06-01 0.129 0.255344
2023-05-01 0.123 0.243372
2023-04-03 0.110 0.217177
2023-03-01 0.120 0.237765
2023-02-01 0.110 0.217262
2022-12-29 0.091 0.180162
2022-12-01 0.078 0.154425
2022-11-01 0.088 0.174985
2022-10-03 0.061 0.121417
2022-09-01 0.064 0.126934
2022-08-01 0.043 0.084896
2022-07-01 0.038 0.075054
2022-06-01 0.030 0.059277
2022-05-02 0.029 0.057426
2022-04-01 0.012 0.023706
2022-03-01 0.016 0.031515
2022-02-01 0.010 0.019673
2021-12-30 0.014 0.027424
2021-12-01 0.011 0.021564
2021-11-01 0.007 0.013720
2021-10-01 0.008 0.015668
2021-09-01 0.006 0.011747
2021-08-02 0.008 0.015662
2021-07-01 0.013 0.025458
2021-06-01 0.011 0.021541
2021-05-03 0.015 0.029377
2021-04-01 0.011 0.021556
2021-03-01 0.021 0.041176
2021-02-01 0.012 0.023502
2020-12-30 0.018 0.035273
2020-12-01 0.022 0.043129
2020-11-02 0.020 0.039223
2020-10-01 0.023 0.045098
2020-09-01 0.029 0.056852
2020-08-03 0.031 0.060760
2020-07-01 0.038 0.074583
2020-06-01 0.038 0.074612
2020-05-01 0.046 0.090837
2020-04-01 0.081 0.161968
2020-02-28 0.052 0.102848
2020-01-31 0.048 0.094993
2019-12-30 0.062 0.122845
2019-11-29 0.065 0.128789
2019-10-31 0.067 0.132778
2019-09-30 0.065 0.128930
2019-08-30 0.068 0.134640
2019-07-31 0.064 0.126733
2019-06-28 0.069 0.136837
2019-05-31 0.069 0.136986
2019-04-30 0.075 0.149046
2019-03-29 0.069 0.137122
2019-02-28 0.076 0.151139
2019-01-31 0.073 0.145144
2018-12-28 0.071 0.141336
2018-11-30 0.068 0.135593
Additional Data
trailingAnnualDividendRate 0.0
trailingAnnualDividendYield 0.0
dividendYield 2.65

Info Dump

Attribute Value
All Time High 52.16
All Time Low 49.04
Ask 50.98
Ask Size 3,600
Average Daily Volume10 Day 1,434,660
Average Daily Volume3 Month 1,112,109
Average Volume 1,112,109
Average Volume10Days 1,434,660
Beta3 Year 0.08
Bid 50.93
Bid Size 3,400
Category Muni National Short
Crypto Tradeable 0
Currency USD
Custom Price Alert Confidence HIGH
Day High 50.95
Day Low 50.92
Dividend Yield 2.65
Esg Populated 0
Exchange PCX
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 50.91734
Fifty Day Average Change 0.01266098
Fifty Day Average Change Percent 0.00024865754
Fifty Two Week Change Percent 0.078606606
Fifty Two Week High 51.13
Fifty Two Week High Change -0.20000076
Fifty Two Week High Change Percent -0.0039116126
Fifty Two Week Low 50.83
Fifty Two Week Low Change 0.099998474
Fifty Two Week Low Change Percent 0.001967312
Fifty Two Week Range 50.83 - 51.13
First Trade Date Milliseconds 1,540,215,000,000
Five Year Average Return 0.023138799
Full Exchange Name NYSEArca
Fund Family JPMorgan
Fund Inception Date 1,539,648,000
Gmt Off Set Milliseconds -14,400,000
Has Pre Post Market Data 1
Language en-US
Legal Type Exchange Traded Fund
Long Business Summary Under normal circumstances, the fund invests at least 80% of its assets in municipal securities, the income from which is exempt from federal income tax. For purposes of this policy, "Assets" means net assets, plus the amount of borrowings for investment purposes. Up to 100% of the fund's assets may be invested in short-term municipal instruments such as variable rate demand notes, short-term municipal notes and tax-exempt commercial paper.
Long Name JPMorgan Ultra-Short Municipal Income ETF
Market us_market
Market State POSTPOST
Max Age 86,400
Message Board Id finmb_577241909
Nav Price 50.8653
Net Assets 6,717,351,900.0
Net Expense Ratio 0.18
Open 50.92
Phone (844) 457-6383
Post Market Change 0.0
Post Market Change Percent 0.0
Post Market Price 50.93
Post Market Time 1,783,976,700
Previous Close 50.93
Price Hint 2
Quote Source Name Delayed Quote
Quote Type ETF
Region US
Regular Market Change 0.0
Regular Market Change Percent 0.0
Regular Market Day High 50.95
Regular Market Day Low 50.92
Regular Market Day Range 50.92 - 50.95
Regular Market Open 50.92
Regular Market Previous Close 50.93
Regular Market Price 50.93
Regular Market Time 1,783,972,800
Regular Market Volume 726,115
Short Name JPMorgan Ultra-Short Municipal
Source Interval 15
Symbol JMST
Three Year Average Return 0.0334015
Total Assets 6,717,351,936
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing Peg Ratio None
Trailing Three Month Nav Returns 0.65982
Trailing Three Month Returns 0.65982
Triggerable 1
Two Hundred Day Average 50.966614
Two Hundred Day Average Change -0.036613464
Two Hundred Day Average Change Percent -0.0007183813
Type Disp ETF
Volume 726,115
Yield 0.026500002
Ytd Return 1.18537