JPMorgan Diversified Return U.S. Equity ETF (NYSEARCA:JPUS – Get Free Report) was the recipient of a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 6,493 shares, a drop of 49.5% from the May 14th total of 12,854 shares. Based on an average daily volume of 7,447 shares, the short-interest ratio is presently 0.9 days. Approximately 0.2% of the shares of the stock are sold short.
Institutional Investors Weigh In On JPMorgan Diversified Return U.S. Equity ETF
Institutional investors have recently modified their holdings of the company. Horizon Investments LLC purchased a new position in JPMorgan Diversified Return U.S. Equity ETF in the 3rd quarter valued at approximately $37,000. Harbor Asset Planning Inc. acquired a new stake in JPMorgan Diversified Return U.S. Equity ETF in the fourth quarter valued at $49,000. Cassaday & Co Wealth Management LLC purchased a new position in shares of JPMorgan Diversified Return U.S. Equity ETF in the first quarter valued at $83,000. CIBC Private Wealth Group LLC purchased a new position in shares of JPMorgan Diversified Return U.S. Equity ETF in the fourth quarter valued at $91,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of 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 worth $112,000 after buying an additional 502 shares during the last quarter.
JPMorgan Diversified Return U.S. Equity ETF Stock Performance
JPUS traded up $1.35 on Friday, hitting $140.59. 3,275 shares of the company were exchanged, compared to its average volume of 9,892. The business’s fifty day moving average is $136.00 and its 200 day moving average is $131.66. JPMorgan Diversified Return U.S. Equity ETF has a fifty-two week low of $116.05 and a fifty-two week high of $140.59. The firm has a market capitalization of $452.70 million, a P/E ratio of 17.74 and a beta of 0.81.
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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