JPMorgan International Value ETF (NASDAQ:JIVE) Stock Short Interest Drops 51.8%

JPMorgan International Value ETF (NASDAQ:JIVE) saw a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 65,917 shares, a drop of 51.8% from the August 31st total of 136,871 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 337,746 shares, the short-interest ratio is currently 0.2 days.

JPMorgan International Value ETF Stock Performance

Shares of JIVE stock traded down $1.18 on Thursday, hitting $94.05. The stock had a trading volume of 330,774 shares, compared to its average volume of 339,345. The stock’s 50 day moving average is $97.24 and its 200-day moving average is $92.89. The firm has a market capitalization of $3.99 billion, a price-to-earnings ratio of -854.78 and a beta of 0.45. JPMorgan International Value ETF has a 52-week low of $73.71 and a 52-week high of $100.21.

Hedge Funds Weigh In On JPMorgan International Value ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in JIVE. Envestnet Asset Management Inc. boosted its holdings in JPMorgan International Value ETF by 65.6% in the second quarter. Envestnet Asset Management Inc. now owns 2,612,993 shares of the ETF’s stock valued at $240,276,000 after purchasing an additional 1,035,252 shares during the last quarter. LPL Financial LLC raised its position in shares of JPMorgan International Value ETF by 20.7% in the 4th quarter. LPL Financial LLC now owns 1,724,611 shares of the ETF’s stock valued at $138,449,000 after purchasing an additional 295,833 shares in the last quarter. Bank of America Corp DE raised its position in shares of JPMorgan International Value ETF by 2,197.2% in the 1st quarter. Bank of America Corp DE now owns 1,165,983 shares of the ETF’s stock valued at $99,855,000 after purchasing an additional 1,115,227 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of JPMorgan International Value ETF by 29.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 536,470 shares of the ETF’s stock valued at $45,943,000 after buying an additional 120,721 shares during the last quarter. Finally, Cetera Investment Advisers grew its position in shares of JPMorgan International Value ETF by 116.2% during the first quarter. Cetera Investment Advisers now owns 510,101 shares of the ETF’s stock worth $43,685,000 after buying an additional 274,160 shares in the last quarter. 65.36% of the stock is owned by hedge funds and other institutional investors.

About JPMorgan International Value ETF

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.