JPMorgan Active Value ETF (NYSEARCA:JAVA) Sees Significant Growth in Short Interest

JPMorgan Active Value ETF (NYSEARCA:JAVA) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 140,619 shares, a growth of 158.5% from the May 31st total of 54,391 shares. Based on an average daily volume of 405,761 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of JAVA. Western Wealth Management LLC boosted its position in shares of JPMorgan Active Value ETF by 26.6% in the first quarter. Western Wealth Management LLC now owns 61,050 shares of the company’s stock worth $4,380,000 after acquiring an additional 12,845 shares during the last quarter. Curry Webb Wealth Management LLC acquired a new position in JPMorgan Active Value ETF during the first quarter worth approximately $1,521,000. NewEdge Advisors LLC raised its stake in JPMorgan Active Value ETF by 2.7% during the first quarter. NewEdge Advisors LLC now owns 154,407 shares of the company’s stock worth $11,079,000 after purchasing an additional 4,124 shares during the period. WNY Asset Management LLC purchased a new position in JPMorgan Active Value ETF during the first quarter worth approximately $32,592,000. Finally, Bank of America Corp DE boosted its holdings in shares of JPMorgan Active Value ETF by 117.0% in the 1st quarter. Bank of America Corp DE now owns 1,771,693 shares of the company’s stock valued at $127,119,000 after purchasing an additional 955,074 shares during the last quarter. Institutional investors and hedge funds own 43.07% of the company’s stock.

JPMorgan Active Value ETF Stock Performance

JPMorgan Active Value ETF stock traded down $0.10 during trading on Tuesday, hitting $79.41. The company’s stock had a trading volume of 383,592 shares, compared to its average volume of 443,969. The stock has a market capitalization of $6.99 billion, a price-to-earnings ratio of -87.26 and a beta of 0.78. The stock’s fifty day moving average is $77.21 and its 200 day moving average is $75.00. JPMorgan Active Value ETF has a 1-year low of $64.40 and a 1-year high of $80.33.

About JPMorgan Active Value ETF

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.