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

JPMorgan International Value ETF (NASDAQ:JIVE) was the target of a significant drop in short interest in August. As of August 14th, there was short interest totaling 69,961 shares, a drop of 45.3% from the July 30th total of 127,890 shares. Based on an average daily trading volume, of 270,432 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.2% of the company’s stock are sold short.

JPMorgan International Value ETF Stock Up 0.1%

Shares of JIVE traded up $0.05 during mid-day trading on Monday, reaching $97.95. 376,501 shares of the stock traded hands, compared to its average volume of 333,116. The stock has a fifty day simple moving average of $94.84 and a 200 day simple moving average of $91.49. The firm has a market cap of $3.56 billion, a price-to-earnings ratio of -890.45 and a beta of 0.45. JPMorgan International Value ETF has a 12-month low of $72.50 and a 12-month high of $98.62.

Institutional Investors Weigh In On JPMorgan International Value ETF

Several hedge funds and other institutional investors have recently modified their holdings of JIVE. Clarity Asset Management Inc. acquired a new stake in shares of JPMorgan International Value ETF during the 4th quarter valued at approximately $29,000. Wells Fargo & Company MN acquired a new position in shares of JPMorgan International Value ETF during the fourth quarter worth approximately $37,000. Advisory Services Network LLC acquired a new position in shares of JPMorgan International Value ETF during the third quarter worth approximately $39,000. Ancora Advisors LLC bought a new position in JPMorgan International Value ETF in the 3rd quarter worth approximately $47,000. Finally, Wilmington Savings Fund Society FSB bought a new position in JPMorgan International Value ETF in the 3rd quarter worth approximately $48,000. Institutional investors own 65.36% of the company’s stock.

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.