JPMorgan Diversified Return U.S. Equity ETF (NYSEARCA:JPUS) Sees Large Drop in Short Interest

JPMorgan Diversified Return U.S. Equity ETF (NYSEARCA:JPUS) saw a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 4,428 shares, a decline of 75.4% from the August 15th total of 17,964 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 10,100 shares, the short-interest ratio is presently 0.4 days.

Hedge Funds Weigh In On JPMorgan Diversified Return U.S. Equity ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Horizon Investments LLC purchased a new stake in JPMorgan Diversified Return U.S. Equity ETF during the 3rd quarter valued at about $37,000. Cassaday & Co Wealth Management LLC purchased a new position in shares of JPMorgan Diversified Return U.S. Equity ETF in the first quarter worth about $83,000. CIBC Private Wealth Group LLC acquired a new stake in shares of JPMorgan Diversified Return U.S. Equity ETF during the fourth quarter worth about $91,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of JPMorgan Diversified Return U.S. Equity ETF by 112.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 948 shares of the company’s stock worth $112,000 after purchasing an additional 502 shares during the period. Finally, Advisory Services Network LLC purchased a new stake in JPMorgan Diversified Return U.S. Equity ETF in the third quarter valued at approximately $115,000.

JPMorgan Diversified Return U.S. Equity ETF Trading Up 0.7%

Shares of NYSEARCA JPUS traded up $0.96 during midday trading on Friday, reaching $141.57. The company had a trading volume of 3,194 shares, compared to its average volume of 8,879. The business’s 50-day simple moving average is $142.81 and its 200 day simple moving average is $138.05. The stock has a market cap of $455.86 million, a P/E ratio of 17.74 and a beta of 0.80. JPMorgan Diversified Return U.S. Equity ETF has a 1 year low of $120.16 and a 1 year high of $146.35.

About JPMorgan Diversified Return U.S. Equity ETF

The JPMorgan Diversified Return U.S. Equity ETF (JPUS) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of large-cap US stocks selected from the Russell 1000 using relative value, momentum, and quality factors. The fund is weighted for equal risk contribution at the sector level and holdings are equal-weighted within sectors. JPUS was launched on Sep 29, 2015 and is managed by JPMorgan Chase.