JPMorgan Diversified Return U.S. Equity ETF (NYSEARCA:JPUS – Get Free Report) saw a significant decline in short interest in July. As of July 31st, there was short interest totaling 5,906 shares, a decline of 49.2% from the July 15th total of 11,636 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily volume of 5,125 shares, the days-to-cover ratio is presently 1.2 days.
Hedge Funds Weigh In On JPMorgan Diversified Return U.S. Equity ETF
Several hedge funds have recently added to or reduced their stakes in JPUS. Horizon Investments LLC purchased a new stake in shares of JPMorgan Diversified Return U.S. Equity ETF in the third 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 during the 1st quarter worth approximately $83,000. CIBC Private Wealth Group LLC acquired a new position in shares of JPMorgan Diversified Return U.S. Equity ETF during the 4th quarter worth approximately $91,000. Advisory Services Network LLC purchased a new stake in JPMorgan Diversified Return U.S. Equity ETF in the 3rd quarter valued at approximately $115,000. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in JPMorgan Diversified Return U.S. Equity ETF by 112.6% during 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 during the last quarter.
JPMorgan Diversified Return U.S. Equity ETF Trading Down 0.3%
Shares of JPUS stock traded down $0.50 during mid-day trading on Tuesday, reaching $144.66. The stock had a trading volume of 20,677 shares, compared to its average volume of 9,143. JPMorgan Diversified Return U.S. Equity ETF has a 12-month low of $120.16 and a 12-month high of $146.35. The company has a market cap of $465.81 million, a P/E ratio of 17.74 and a beta of 0.80. The business has a 50-day simple moving average of $141.26 and a 200 day simple moving average of $136.65.
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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