JPMorgan Diversified Return U.S. Equity ETF (NYSEARCA:JPUS – Get Free Report) was the recipient of a large growth in short interest in August. As of August 14th, there was short interest totaling 17,964 shares, a growth of 204.2% from the July 30th total of 5,906 shares. Currently, 0.6% of the company’s stock are sold short. Based on an average daily volume of 4,832 shares, the short-interest ratio is currently 3.7 days.
Institutional Investors Weigh In On JPMorgan Diversified Return U.S. Equity ETF
Several institutional investors and hedge funds have recently added to or reduced their stakes in JPUS. Continuum Advisory LLC bought a new position in shares of JPMorgan Diversified Return U.S. Equity ETF during the 2nd quarter worth approximately $193,000. Gateway Wealth Partners LLC bought a new position in shares of JPMorgan Diversified Return U.S. Equity ETF in the first quarter valued at approximately $359,000. Cetera Investment Advisers increased its position in shares of JPMorgan Diversified Return U.S. Equity ETF by 4.2% during the first quarter. Cetera Investment Advisers now owns 3,552 shares of the company’s stock valued at $462,000 after acquiring an additional 143 shares during the last quarter. Cassaday & Co Wealth Management LLC purchased a new stake in shares of JPMorgan Diversified Return U.S. Equity ETF during the first quarter valued at approximately $83,000. Finally, Hershey Financial Advisers LLC bought a new stake in JPMorgan Diversified Return U.S. Equity ETF during the first quarter worth $1,350,000.
JPMorgan Diversified Return U.S. Equity ETF Price Performance
Shares of JPUS stock traded down $1.10 during trading hours on Thursday, reaching $144.21. The company had a trading volume of 2,594 shares, compared to its average volume of 9,080. The business has a fifty day simple moving average of $142.06 and a 200-day simple moving average of $137.38. 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 $464.36 million, a price-to-earnings ratio of 17.74 and a beta of 0.80.
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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