I've written about the JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) several times in the past. I've been bullish, due to the fund's good, growing dividends and low rate risk. JPST has performed quite well these past few years, for these same reasons. Although JPST remains a reasonable investment opportunity, spreads relative to T-bills, and other short-term income funds have significantly decreased these past few months. JPST's 5.0% dividend yield is simply not competitive right now, so I would not be investing in the fund at the present time.