JPMorgan Active Value ETF (NYSEARCA:JAVA) Short Interest Update

JPMorgan Active Value ETF (NYSEARCA:JAVA) was the recipient of a significant growth in short interest in the month of May. As of May 31st, there was short interest totalling 69,400 shares, a growth of 353.6% from the May 15th total of 15,300 shares. Based on an average trading volume of 380,300 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s shares are sold short.

Hedge Funds Weigh In On JPMorgan Active Value ETF

A number of hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. boosted its stake in shares of JPMorgan Active Value ETF by 31.3% during the 1st quarter. JPMorgan Chase & Co. now owns 13,430,674 shares of the company’s stock valued at $853,385,000 after purchasing an additional 3,199,399 shares in the last quarter. LPL Financial LLC boosted its stake in shares of JPMorgan Active Value ETF by 37.0% during the 1st quarter. LPL Financial LLC now owns 3,877,878 shares of the company’s stock valued at $246,400,000 after purchasing an additional 1,046,448 shares in the last quarter. Dynasty Wealth Management LLC bought a new stake in shares of JPMorgan Active Value ETF during the 1st quarter valued at about $196,695,000. Sagespring Wealth Partners LLC bought a new stake in shares of JPMorgan Active Value ETF during the 1st quarter valued at about $178,162,000. Finally, Ameriprise Financial Inc. boosted its stake in shares of JPMorgan Active Value ETF by 51.0% during the 1st quarter. Ameriprise Financial Inc. now owns 2,162,672 shares of the company’s stock valued at $137,411,000 after purchasing an additional 730,436 shares in the last quarter.

JPMorgan Active Value ETF Trading Down 0.9%

JAVA stock opened at $63.86 on Friday. The firm’s 50-day moving average price is $62.07 and its two-hundred day moving average price is $63.89. JPMorgan Active Value ETF has a 12-month low of $55.51 and a 12-month high of $68.77. The stock has a market capitalization of $3.46 billion, a price-to-earnings ratio of 18.56 and a beta of 0.83.

JPMorgan Active Value ETF Company Profile

The JPMorgan Active Value ETF (JAVA) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund of US large-cap value stocks selected based on proprietary fundamental analysis. JAVA was launched on Oct 4, 2021 and is managed by JPMorgan Chase.