Short Interest in JPMorgan Active Value ETF (NYSEARCA:JAVA) Declines By 42.1%

JPMorgan Active Value ETF (NYSEARCA:JAVA) saw a significant decline in short interest in August. As of August 14th, there was short interest totaling 69,052 shares, a decline of 42.1% from the July 30th total of 119,194 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 336,440 shares, the short-interest ratio is presently 0.2 days.

JPMorgan Active Value ETF Stock Down 0.6%

Shares of NYSEARCA JAVA traded down $0.52 during trading hours on Monday, hitting $82.73. 268,786 shares of the stock were exchanged, compared to its average volume of 436,495. JPMorgan Active Value ETF has a 12 month low of $67.14 and a 12 month high of $84.06. The firm has a fifty day moving average price of $81.34 and a 200-day moving average price of $77.38. The company has a market cap of $7.08 billion, a PE ratio of -90.91 and a beta of 0.77.

Hedge Funds Weigh In On JPMorgan Active Value ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Moneco Advisors LLC raised its position in shares of JPMorgan Active Value ETF by 1.6% during the fourth quarter. Moneco Advisors LLC now owns 9,300 shares of the company’s stock worth $667,000 after purchasing an additional 143 shares during the period. Cary Street Partners Financial LLC increased its stake in JPMorgan Active Value ETF by 13.3% during the 2nd quarter. Cary Street Partners Financial LLC now owns 1,812 shares of the company’s stock worth $119,000 after purchasing an additional 212 shares in the last quarter. NewEdge Advisors LLC increased its stake in JPMorgan Active Value ETF by 1.7% during the 1st quarter. NewEdge Advisors LLC now owns 14,684 shares of the company’s stock worth $933,000 after purchasing an additional 245 shares in the last quarter. Luts & Greenleigh Group Inc. increased its stake in JPMorgan Active Value ETF by 6.9% during the 1st quarter. Luts & Greenleigh Group Inc. now owns 3,871 shares of the company’s stock worth $278,000 after purchasing an additional 249 shares in the last quarter. Finally, Aegis Wealth Management Inc. raised its holdings in JPMorgan Active Value ETF by 9.0% during the 1st quarter. Aegis Wealth Management Inc. now owns 3,126 shares of the company’s stock worth $224,000 after buying an additional 259 shares during the period. Hedge funds and other institutional investors own 43.07% of the company’s stock.

JPMorgan Active Value ETF Company Profile

The JPMorgan Active Value ETF (JAVA) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund of US large-cap value stocks selected based on proprietary fundamental analysis. JAVA was launched on Oct 4, 2021 and is managed by JPMorgan Chase.