JPMorgan International Value ETF (NASDAQ:JIVE – Get Free Report) was the target of a large growth in short interest in August. As of August 31st, there was short interest totaling 136,871 shares, a growth of 95.6% from the August 15th total of 69,961 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average trading volume of 301,677 shares, the days-to-cover ratio is presently 0.5 days.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in JIVE. LPL Financial LLC increased its stake in JPMorgan International Value ETF by 20.7% in the 4th quarter. LPL Financial LLC now owns 1,724,611 shares of the ETF’s stock valued at $138,449,000 after buying an additional 295,833 shares during the last quarter. RiverFront Investment Group LLC grew its holdings in shares of JPMorgan International Value ETF by 4.2% in the 4th quarter. RiverFront Investment Group LLC now owns 1,409,592 shares of the ETF’s stock valued at $113,160,000 after acquiring an additional 57,349 shares in the last quarter. Bank of America Corp DE increased its position in shares of JPMorgan International Value ETF by 2,197.2% in the first quarter. Bank of America Corp DE now owns 1,165,983 shares of the ETF’s stock valued at $99,855,000 after acquiring an additional 1,115,227 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in JPMorgan International Value ETF by 29.0% in the first quarter. Janney Montgomery Scott LLC now owns 536,470 shares of the ETF’s stock valued at $45,943,000 after purchasing an additional 120,721 shares in the last quarter. Finally, Cetera Investment Advisers grew its stake in JPMorgan International Value ETF by 116.2% in the first quarter. Cetera Investment Advisers now owns 510,101 shares of the ETF’s stock valued at $43,685,000 after purchasing an additional 274,160 shares in the last quarter. Institutional investors and hedge funds own 65.36% of the company’s stock.
JPMorgan International Value ETF Stock Down 0.7%
Shares of NASDAQ:JIVE traded down $0.65 during mid-day trading on Tuesday, reaching $97.65. 591,580 shares of the stock were exchanged, compared to its average volume of 332,676. The company has a market cap of $3.97 billion, a P/E ratio of -887.59 and a beta of 0.45. The stock’s 50 day simple moving average is $96.31 and its 200-day simple moving average is $92.15. JPMorgan International Value ETF has a one year low of $73.71 and a one year high of $100.21.
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.
Further Reading
- Five stocks we like better than JPMorgan International Value ETF
- Cashing in on the Qubit: NVIDIA Takes the Quantum Leap
- Ready to Rumble: Anthropic Rings the AI Bell
- Breaking Down the Impact of the CHIPS Funding Deal for Quantum Firms
- Could Dave & Buster’s Capitulation Signal the Bottom Is Finally In?
Receive News & Ratings for JPMorgan International Value ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan International Value ETF and related companies with MarketBeat.com's FREE daily email newsletter.
