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

JPMorgan International Value ETF (NASDAQ:JIVE) was the recipient of a significant increase in short interest in May. As of May 29th, there was short interest totaling 379,538 shares, an increase of 505.1% from the May 14th total of 62,722 shares. Based on an average trading volume of 345,140 shares, the days-to-cover ratio is presently 1.1 days. Approximately 1.5% of the company’s stock are short sold.

JPMorgan International Value ETF Stock Down 0.9%

Shares of JIVE traded down $0.84 during mid-day trading on Wednesday, hitting $90.36. 326,736 shares of the company traded hands, compared to its average volume of 345,388. JPMorgan International Value ETF has a 1-year low of $66.41 and a 1-year high of $93.99. The company has a market capitalization of $2.30 billion, a PE ratio of -821.45 and a beta of 0.45. The business has a 50 day moving average of $90.41 and a 200 day moving average of $86.22.

Hedge Funds Weigh In On JPMorgan International Value ETF

Several hedge funds have recently modified their holdings of the stock. LPL Financial LLC increased its holdings in shares of JPMorgan International Value ETF by 20.7% during the fourth quarter. LPL Financial LLC now owns 1,724,611 shares of the software maker’s stock valued at $138,449,000 after acquiring an additional 295,833 shares in the last quarter. RiverFront Investment Group LLC increased its holdings in shares of JPMorgan International Value ETF by 4.2% during the fourth quarter. RiverFront Investment Group LLC now owns 1,409,592 shares of the software maker’s stock valued at $113,160,000 after acquiring an additional 57,349 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of JPMorgan International Value ETF by 2,197.2% during the first quarter. Bank of America Corp DE now owns 1,165,983 shares of the software maker’s stock valued at $99,855,000 after acquiring an additional 1,115,227 shares in the last quarter. Osaic Holdings Inc. increased its holdings in shares of JPMorgan International Value ETF by 48.0% during the fourth quarter. Osaic Holdings Inc. now owns 723,516 shares of the software maker’s stock valued at $58,084,000 after acquiring an additional 234,583 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in JPMorgan International Value ETF by 29.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 536,470 shares of the software maker’s stock worth $45,943,000 after buying an additional 120,721 shares during the period. Institutional investors and hedge funds own 65.36% of the company’s stock.

About JPMorgan International Value ETF

Jive Software, Inc is engaged in providing software sales and services. The Company’s products are sold on a subscription basis, deployable in on-premise, hosted and cloud instances and used for internal or external communities. Its traditional enterprise software product offerings are based on the Jive platform (the Jive Platform), which is a communication and collaboration hub. It sells its Jive Platform across two communities: internally for employees within the enterprise and externally for customers and partners outside the enterprise.