JPMorgan Diversified Return U.S. Equity ETF (NYSEARCA:JPUS) Sees Large Increase in Short Interest

JPMorgan Diversified Return U.S. Equity ETF (NYSEARCA:JPUS) was the recipient of a significant increase in short interest in August. As of August 14th, there was short interest totaling 17,964 shares, an increase of 204.2% from the July 30th total of 5,906 shares. Based on an average daily volume of 4,832 shares, the days-to-cover ratio is presently 3.7 days. Currently, 0.6% of the shares of the stock are sold short.

JPMorgan Diversified Return U.S. Equity ETF Trading Down 0.4%

JPUS traded down $0.54 during trading hours on Friday, hitting $143.67. The company’s stock had a trading volume of 11,060 shares, compared to its average volume of 9,091. The business’s 50-day moving average price is $142.27 and its 200-day moving average price is $137.49. JPMorgan Diversified Return U.S. Equity ETF has a 12 month low of $120.16 and a 12 month high of $146.35. The stock has a market cap of $462.62 million, a price-to-earnings ratio of 17.74 and a beta of 0.80.

Institutional Trading of JPMorgan Diversified Return U.S. Equity ETF

Large investors have recently made changes to their positions in the business. Horizon Investments LLC bought a new stake in JPMorgan Diversified Return U.S. Equity ETF during the third quarter worth approximately $37,000. Cassaday & Co Wealth Management LLC purchased a new stake in JPMorgan Diversified Return U.S. Equity ETF during the 1st quarter valued at $83,000. CIBC Private Wealth Group LLC purchased a new position in JPMorgan Diversified Return U.S. Equity ETF during the fourth quarter worth $91,000. Northwestern Mutual Wealth Management Co. boosted its stake in JPMorgan Diversified Return U.S. Equity ETF by 112.6% during the second 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 period. Finally, Advisory Services Network LLC bought a new position in JPMorgan Diversified Return U.S. Equity ETF during the third quarter valued at $115,000.

About JPMorgan Diversified Return U.S. Equity ETF

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.