JPMorgan International Value ETF (NASDAQ:JIVE) Shares Shorted: Short Interest Down 51.8% in September

JPMorgan International Value ETF (NASDAQ:JIVE) was the recipient of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 65,917 shares, a drop of 51.8% from the August 31st total of 136,871 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average trading volume of 337,746 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On JPMorgan International Value ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. Clarity Asset Management Inc. bought a new position in JPMorgan International Value ETF in the fourth quarter valued at about $29,000. Signature Equity Partners LLC purchased a new stake in shares of JPMorgan International Value ETF during the 1st quarter valued at about $51,000. Rockefeller Capital Management L.P. purchased a new position in shares of JPMorgan International Value ETF in the fourth quarter worth approximately $53,000. Allworth Financial LP bought a new stake in JPMorgan International Value ETF during the second quarter valued at approximately $70,000. Finally, SHP Wealth Management bought a new stake in JPMorgan International Value ETF during the fourth quarter valued at approximately $89,000. 65.36% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan International Value ETF Stock Performance

Shares of JIVE stock traded down $0.78 during trading hours on Tuesday, reaching $96.13. The company had a trading volume of 551,602 shares, compared to its average volume of 337,848. The business has a fifty day moving average price of $97.19 and a 200-day moving average price of $92.75. JPMorgan International Value ETF has a one year low of $73.71 and a one year high of $100.21. The firm has a market cap of $4.01 billion, a PE ratio of -873.91 and a beta of 0.45.

About JPMorgan International Value ETF

JPMorgan International Value ETF (NASDAQ: JIVE) is an exchange-traded fund managed by J.P. Morgan Asset Management. The fund seeks long-term capital appreciation by investing primarily in equity securities of companies located outside the United States.

JIVE uses an international value-investing approach, emphasizing companies that the portfolio management team believes are undervalued relative to their fundamentals or long-term growth prospects. Its portfolio may include businesses across developed and emerging markets and can provide exposure to multiple industries, countries and regions.

The ETF is designed for investors seeking diversified international equity exposure through a professionally managed portfolio.