JPMorgan Diversified Return U.S. Equity ETF (NYSEARCA:JPUS) Short Interest Up 106.3% in April

JPMorgan Diversified Return U.S. Equity ETF (NYSEARCA:JPUS) was the target of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 7,025 shares, a growth of 106.3% from the April 15th total of 3,405 shares. Based on an average trading volume of 8,348 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.2% of the shares of the company are short sold.

JPMorgan Diversified Return U.S. Equity ETF Price Performance

JPUS stock traded down $1.81 on Friday, reaching $134.16. 7,189 shares of the company were exchanged, compared to its average volume of 10,367. JPMorgan Diversified Return U.S. Equity ETF has a 12 month low of $113.95 and a 12 month high of $137.80. The stock’s fifty day moving average price is $133.38 and its 200 day moving average price is $129.53. The firm has a market capitalization of $432.00 million, a PE ratio of 17.74 and a beta of 0.82.

Hedge Funds Weigh In On JPMorgan Diversified Return U.S. Equity ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Gateway Wealth Partners LLC acquired a new stake in JPMorgan Diversified Return U.S. Equity ETF during the first quarter worth $359,000. Cetera Investment Advisers boosted its stake in 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 worth $462,000 after buying an additional 143 shares in the last quarter. Cassaday & Co Wealth Management LLC acquired a new stake in JPMorgan Diversified Return U.S. Equity ETF during the first quarter worth $83,000. Hershey Financial Advisers LLC acquired a new stake in JPMorgan Diversified Return U.S. Equity ETF during the first quarter worth $1,350,000. Finally, Midwest Trust Co acquired a new stake in JPMorgan Diversified Return U.S. Equity ETF during the first quarter worth $267,000.

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.