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

JPMorgan Diversified Return U.S. Equity ETF (NYSEARCA:JPUS) was the target of a significant decrease in short interest in January. As of January 30th, there was short interest totaling 8,349 shares, a decrease of 52.0% from the January 15th total of 17,376 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 5,759 shares, the days-to-cover ratio is presently 1.4 days. Based on an average daily volume of 5,759 shares, the days-to-cover ratio is presently 1.4 days. Currently, 0.3% of the company’s stock are short sold.

JPMorgan Diversified Return U.S. Equity ETF Stock Up 0.9%

Shares of JPUS stock traded up $1.22 during mid-day trading on Friday, reaching $135.32. 3,227 shares of the company’s stock traded hands, compared to its average volume of 8,424. The company’s 50-day moving average price is $127.87 and its 200-day moving average price is $124.40. The company has a market cap of $419.49 million, a P/E ratio of 17.74 and a beta of 0.87. JPMorgan Diversified Return U.S. Equity ETF has a 12 month low of $101.63 and a 12 month high of $136.15.

Institutional Investors Weigh In On JPMorgan Diversified Return U.S. Equity ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Jane Street Group LLC increased its stake in shares of JPMorgan Diversified Return U.S. Equity ETF by 146.4% during the first quarter. Jane Street Group LLC now owns 12,283 shares of the company’s stock valued at $1,415,000 after purchasing an additional 7,298 shares in the last quarter. MGO One Seven LLC bought a new position in JPMorgan Diversified Return U.S. Equity ETF during the 2nd quarter valued at approximately $238,000. Patten Group Inc. raised its stake in JPMorgan Diversified Return U.S. Equity ETF by 29.6% during the second quarter. Patten Group Inc. now owns 4,878 shares of the company’s stock valued at $577,000 after buying an additional 1,114 shares during the last quarter. Vise Technologies Inc. bought a new stake in JPMorgan Diversified Return U.S. Equity ETF in the second quarter worth $3,261,000. Finally, PNC Financial Services Group Inc. purchased a new stake in shares of JPMorgan Diversified Return U.S. Equity ETF in the second quarter worth $25,000.

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.