Short Interest in JPMorgan Diversified Return U.S. Equity ETF (NYSEARCA:JPUS) Drops By 49.2%

JPMorgan Diversified Return U.S. Equity ETF (NYSEARCA:JPUS) was the recipient of a significant drop in short interest in July. As of July 31st, there was short interest totaling 5,906 shares, a drop of 49.2% from the July 15th total of 11,636 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 5,125 shares, the short-interest ratio is currently 1.2 days.

JPMorgan Diversified Return U.S. Equity ETF Price Performance

JPUS traded up $0.28 on Friday, reaching $145.55. 4,045 shares of the company’s stock were exchanged, compared to its average volume of 9,051. JPMorgan Diversified Return U.S. Equity ETF has a twelve month low of $120.16 and a twelve month high of $146.35. The stock has a market cap of $468.67 million, a PE ratio of 17.74 and a beta of 0.80. The stock’s fifty day moving average price is $141.10 and its 200-day moving average price is $136.54.

Institutional Investors Weigh In On JPMorgan Diversified Return U.S. Equity ETF

A number of large investors have recently made changes to their positions in JPUS. Horizon Investments LLC acquired a new stake in shares of JPMorgan Diversified Return U.S. Equity ETF in the third quarter valued at approximately $37,000. Cassaday & Co Wealth Management LLC purchased a new position in JPMorgan Diversified Return U.S. Equity ETF during the first quarter worth approximately $83,000. CIBC Private Wealth Group LLC acquired a new position in JPMorgan Diversified Return U.S. Equity ETF during the fourth quarter worth $91,000. Advisory Services Network LLC acquired a new position in JPMorgan Diversified Return U.S. Equity ETF during the third quarter worth $115,000. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in JPMorgan Diversified Return U.S. Equity ETF by 112.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 948 shares of the company’s stock valued at $112,000 after buying an additional 502 shares in the last quarter.

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.