JPMorgan Diversified Return U.S. Equity ETF (NYSEARCA:JPUS – Get Free Report) was the target of a large growth in short interest in October. As of October 15th, there was short interest totaling 14,788 shares, a growth of 411.3% from the September 30th total of 2,892 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average daily volume of 16,409 shares, the short-interest ratio is presently 0.9 days.
JPMorgan Diversified Return U.S. Equity ETF Stock Performance
JPUS traded down $0.08 on Tuesday, reaching $141.43. 1,214 shares of the company’s stock were exchanged, compared to its average volume of 9,000. The company’s 50 day moving average is $140.87 and its 200-day moving average is $136.97. The company has a market cap of $463.89 million, a price-to-earnings ratio of 17.74 and a beta of 0.80. JPMorgan Diversified Return U.S. Equity ETF has a twelve month low of $120.16 and a twelve month high of $146.35.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. Apollon Wealth Management LLC lifted its holdings in shares of JPMorgan Diversified Return U.S. Equity ETF by 5.1% during the 3rd quarter. Apollon Wealth Management LLC now owns 38,666 shares of the company’s stock valued at $5,248,000 after acquiring an additional 1,859 shares in the last quarter. Albion Financial Group UT acquired a new stake in JPMorgan Diversified Return U.S. Equity ETF in the 3rd quarter valued at $434,000. Berkeley Inc acquired a new stake in JPMorgan Diversified Return U.S. Equity ETF in the 3rd quarter valued at $3,545,000. B. Riley Wealth Advisors Inc. purchased a new position in JPMorgan Diversified Return U.S. Equity ETF in the third quarter valued at about $2,105,000. Finally, RHS Financial LLC raised its position in JPMorgan Diversified Return U.S. Equity ETF by 195.1% in the third quarter. RHS Financial LLC now owns 39,812 shares of the company’s stock valued at $5,403,000 after purchasing an additional 26,320 shares during the period.
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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