JPMorgan International Value ETF (NASDAQ:JIVE) Sees Large Growth in Short Interest

JPMorgan International Value ETF (NASDAQ:JIVE) was the target of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 136,871 shares, an increase of 95.6% from the August 15th total of 69,961 shares. Based on an average daily trading volume, of 301,677 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.4% of the shares of the stock are short sold.

Institutional Trading of JPMorgan International Value ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Foundations Investment Advisors LLC bought a new position in JPMorgan International Value ETF during the 4th quarter worth approximately $504,000. Waverly Advisors LLC bought a new stake in shares of JPMorgan International Value ETF in the 2nd quarter valued at $2,505,000. RFG Advisory LLC bought a new stake in shares of JPMorgan International Value ETF in the 1st quarter valued at $1,469,000. Integrated Wealth Concepts LLC increased its position in shares of JPMorgan International Value ETF by 878.9% during the second quarter. Integrated Wealth Concepts LLC now owns 40,859 shares of the ETF’s stock worth $3,757,000 after buying an additional 36,685 shares during the period. Finally, Thoroughbred Financial Services LLC acquired a new stake in shares of JPMorgan International Value ETF during the fourth quarter worth $500,000. 65.36% of the stock is currently owned by institutional investors.

JPMorgan International Value ETF Trading Up 1.1%

JPMorgan International Value ETF stock traded up $1.05 during midday trading on Thursday, reaching $98.34. The company’s stock had a trading volume of 169,010 shares, compared to its average volume of 332,822. The stock has a market cap of $4.00 billion, a PE ratio of -893.99 and a beta of 0.45. The business has a 50-day moving average price of $96.50 and a 200-day moving average price of $92.23. JPMorgan International Value ETF has a 52 week low of $73.71 and a 52 week high of $100.21.

JPMorgan International Value ETF Company Profile

JPMorgan International Value ETF (NASDAQ: JIVE) is an exchange-traded fund managed by J.P. Morgan Asset Management. The fund seeks long-term capital appreciation by investing primarily in equity securities of companies located outside the United States.

JIVE uses an international value-investing approach, emphasizing companies that the portfolio management team believes are undervalued relative to their fundamentals or long-term growth prospects. Its portfolio may include businesses across developed and emerging markets and can provide exposure to multiple industries, countries and regions.

The ETF is designed for investors seeking diversified international equity exposure through a professionally managed portfolio.