JPMorgan Diversified Return U.S. Equity ETF (NYSEARCA:JPUS – Get Free Report) was the recipient of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 11,636 shares, a growth of 137.6% from the June 30th total of 4,897 shares. Based on an average trading volume of 10,906 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.4% of the company’s shares are sold short.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of JPUS. Horizon Investments LLC bought a new stake in shares of JPMorgan Diversified Return U.S. Equity ETF in the 3rd quarter worth approximately $37,000. Harbor Asset Planning Inc. bought a new position in shares of JPMorgan Diversified Return U.S. Equity ETF during the fourth quarter valued at approximately $49,000. Cassaday & Co Wealth Management LLC purchased a new stake in JPMorgan Diversified Return U.S. Equity ETF in the first quarter worth $83,000. CIBC Private Wealth Group LLC purchased a new stake in JPMorgan Diversified Return U.S. Equity ETF in the fourth quarter worth $91,000. Finally, Advisory Services Network LLC bought a new stake in JPMorgan Diversified Return U.S. Equity ETF in the third quarter valued at $115,000.
JPMorgan Diversified Return U.S. Equity ETF Stock Down 0.4%
Shares of NYSEARCA:JPUS traded down $0.64 during midday trading on Thursday, hitting $141.75. 9,855 shares of the stock traded hands, compared to its average volume of 9,375. The business’s 50 day moving average is $139.52 and its two-hundred day moving average is $135.25. The stock has a market capitalization of $456.44 million, a PE ratio of 17.74 and a beta of 0.80. JPMorgan Diversified Return U.S. Equity ETF has a one year low of $117.15 and a one year high of $143.90.
JPMorgan Diversified Return U.S. Equity ETF Company Profile
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.
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