JPMorgan International Value ETF (NASDAQ:JIVE – Get Free Report) saw a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 379,538 shares, a growth of 505.1% from the May 14th total of 62,722 shares. Based on an average daily trading volume, of 345,140 shares, the days-to-cover ratio is presently 1.1 days. Approximately 1.5% of the shares of the company are short sold.
JPMorgan International Value ETF Price Performance
JIVE traded down $0.84 during trading on Wednesday, reaching $90.36. 326,736 shares of the company’s stock were exchanged, compared to its average volume of 345,388. JPMorgan International Value ETF has a 1 year low of $66.41 and a 1 year high of $93.99. The stock has a market capitalization of $2.30 billion, a P/E ratio of -821.45 and a beta of 0.45. The company’s fifty day simple moving average is $90.41 and its 200-day simple moving average is $86.22.
Hedge Funds Weigh In On JPMorgan International Value ETF
A number of institutional investors have recently bought and sold shares of JIVE. Bank of America Corp DE raised its position in JPMorgan International Value ETF by 2,197.2% during the 1st quarter. Bank of America Corp DE now owns 1,165,983 shares of the software maker’s stock worth $99,855,000 after buying an additional 1,115,227 shares during the last quarter. Lido Advisors LLC purchased a new position in JPMorgan International Value ETF during the 4th quarter worth approximately $40,580,000. LPL Financial LLC raised its position in JPMorgan International Value ETF by 20.7% during the 4th quarter. LPL Financial LLC now owns 1,724,611 shares of the software maker’s stock worth $138,449,000 after buying an additional 295,833 shares during the last quarter. Cetera Investment Advisers raised its position in JPMorgan International Value ETF by 116.2% during the 1st quarter. Cetera Investment Advisers now owns 510,101 shares of the software maker’s stock worth $43,685,000 after buying an additional 274,160 shares during the last quarter. Finally, Raymond James Financial Inc. raised its position in JPMorgan International Value ETF by 160.3% during the 2nd quarter. Raymond James Financial Inc. now owns 445,031 shares of the software maker’s stock worth $30,840,000 after buying an additional 274,037 shares during the last quarter. 65.36% of the stock is owned by hedge funds and other institutional investors.
About JPMorgan International Value ETF
Jive Software, Inc is engaged in providing software sales and services. The Company’s products are sold on a subscription basis, deployable in on-premise, hosted and cloud instances and used for internal or external communities. Its traditional enterprise software product offerings are based on the Jive platform (the Jive Platform), which is a communication and collaboration hub. It sells its Jive Platform across two communities: internally for employees within the enterprise and externally for customers and partners outside the enterprise.
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