JPMorgan Active Value ETF (NYSEARCA:JAVA – Get Free Report) was the recipient of a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 125,045 shares, a drop of 36.0% from the September 15th total of 195,371 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 498,508 shares, the days-to-cover ratio is currently 0.3 days.
Hedge Funds Weigh In On JPMorgan Active Value ETF
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Avaii Wealth Management LLC grew its stake in JPMorgan Active Value ETF by 2.5% in the 3rd quarter. Avaii Wealth Management LLC now owns 5,919 shares of the company’s stock worth $475,000 after buying an additional 145 shares in the last quarter. Luts & Greenleigh Group Inc. raised its position in shares of JPMorgan Active Value ETF by 6.9% during the 1st quarter. Luts & Greenleigh Group Inc. now owns 3,871 shares of the company’s stock valued at $278,000 after buying an additional 249 shares in the last quarter. Aegis Wealth Management Inc. raised its position in shares of JPMorgan Active Value ETF by 9.0% during the 1st quarter. Aegis Wealth Management Inc. now owns 3,126 shares of the company’s stock valued at $224,000 after buying an additional 259 shares in the last quarter. Triumph Capital Management lifted its holdings in shares of JPMorgan Active Value ETF by 11.2% during the 3rd quarter. Triumph Capital Management now owns 2,806 shares of the company’s stock worth $224,000 after acquiring an additional 282 shares during the last quarter. Finally, Krilogy Financial LLC lifted its holdings in shares of JPMorgan Active Value ETF by 4.9% during the 3rd quarter. Krilogy Financial LLC now owns 14,328 shares of the company’s stock worth $1,173,000 after acquiring an additional 670 shares during the last quarter. Hedge funds and other institutional investors own 43.07% of the company’s stock.
JPMorgan Active Value ETF Trading Up 0.8%
Shares of NYSEARCA JAVA opened at $82.09 on Friday. JPMorgan Active Value ETF has a 12 month low of $67.77 and a 12 month high of $84.06. The firm has a market capitalization of $7.20 billion, a price-to-earnings ratio of -90.21 and a beta of 0.78. The business has a 50-day moving average of $82.02 and a 200-day moving average of $79.16.
About JPMorgan Active Value ETF
The JPMorgan Active Value ETF (JAVA) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund of US large-cap value stocks selected based on proprietary fundamental analysis. JAVA was launched on Oct 4, 2021 and is managed by JPMorgan Chase.
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