JPMorgan Diversified Return U.S. Equity ETF (NYSEARCA:JPUS) Sees Large Increase in Short Interest

JPMorgan Diversified Return U.S. Equity ETF (NYSEARCA:JPUS) was the target of a large growth in short interest in August. As of August 14th, there was short interest totaling 17,964 shares, a growth of 204.2% from the July 30th total of 5,906 shares. Based on an average daily trading volume, of 4,832 shares, the short-interest ratio is presently 3.7 days. Currently, 0.6% of the company’s stock are sold short.

JPMorgan Diversified Return U.S. Equity ETF Stock Down 0.8%

NYSEARCA:JPUS traded down $1.10 on Thursday, hitting $144.21. The stock had a trading volume of 2,594 shares, compared to its average volume of 9,080. The business’s fifty day moving average is $142.06 and its 200 day moving average is $137.38. The company has a market cap of $464.36 million, a PE ratio of 17.74 and a beta of 0.80. JPMorgan Diversified Return U.S. Equity ETF has a 52 week low of $120.16 and a 52 week high of $146.35.

Institutional Trading of JPMorgan Diversified Return U.S. Equity ETF

Several hedge funds have recently bought and sold shares of the business. Jane Street Group LLC raised its holdings in JPMorgan Diversified Return U.S. Equity ETF by 146.4% during the first quarter. Jane Street Group LLC now owns 12,283 shares of the company’s stock worth $1,415,000 after buying an additional 7,298 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of JPMorgan Diversified Return U.S. Equity ETF by 112.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 948 shares of the company’s stock valued at $112,000 after buying an additional 502 shares during the last quarter. Raymond James Financial Inc. increased its position in shares of JPMorgan Diversified Return U.S. Equity ETF by 8.5% during the second quarter. Raymond James Financial Inc. now owns 41,068 shares of the company’s stock worth $4,854,000 after acquiring an additional 3,231 shares in the last quarter. Captrust Financial Advisors increased its position in shares of JPMorgan Diversified Return U.S. Equity ETF by 2.1% during the second quarter. Captrust Financial Advisors now owns 213,423 shares of the company’s stock worth $25,225,000 after acquiring an additional 4,352 shares in the last quarter. Finally, Envestnet Asset Management Inc. acquired a new stake in shares of JPMorgan Diversified Return U.S. Equity ETF in the 3rd quarter worth about $233,000.

About JPMorgan Diversified Return U.S. Equity ETF

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.