Short Interest in JPMorgan Diversified Return U.S. Equity ETF (NYSEARCA:JPUS) Drops By 75.4%

JPMorgan Diversified Return U.S. Equity ETF (NYSEARCA:JPUS) was the recipient of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 4,428 shares, a decline of 75.4% from the August 15th total of 17,964 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 10,100 shares, the days-to-cover ratio is presently 0.4 days.

JPMorgan Diversified Return U.S. Equity ETF Stock Performance

Shares of NYSEARCA JPUS traded up $0.96 during mid-day trading on Friday, hitting $141.57. The stock had a trading volume of 3,194 shares, compared to its average volume of 8,879. The company has a 50 day moving average of $142.81 and a two-hundred day moving average of $138.03. JPMorgan Diversified Return U.S. Equity ETF has a twelve month low of $120.16 and a twelve month high of $146.35. The firm has a market cap of $455.86 million, a PE ratio of 17.74 and a beta of 0.80.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of JPUS. Financially in Tune LLC acquired a new stake in shares of JPMorgan Diversified Return U.S. Equity ETF during the fourth quarter worth about $4,853,000. Vise Technologies Inc. raised its position in JPMorgan Diversified Return U.S. Equity ETF by 715.7% during the 4th quarter. Vise Technologies Inc. now owns 23,509 shares of the company’s stock worth $2,914,000 after buying an additional 20,627 shares during the last quarter. Schiavi & Co LLC lifted its stake in JPMorgan Diversified Return U.S. Equity ETF by 302.2% during the 4th quarter. Schiavi & Co LLC now owns 26,410 shares of the company’s stock valued at $3,273,000 after acquiring an additional 19,843 shares during the period. Citadel Advisors LLC purchased a new stake in shares of JPMorgan Diversified Return U.S. Equity ETF in the 2nd quarter valued at $2,355,000. Finally, Hershey Financial Advisers LLC acquired a new stake in shares of JPMorgan Diversified Return U.S. Equity ETF in the first quarter worth $1,350,000.

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.