JPMorgan Active Value ETF (NYSEARCA:JAVA) Short Interest Down 42.1% in August

JPMorgan Active Value ETF (NYSEARCA:JAVA) was the target of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 69,052 shares, a decline of 42.1% from the July 30th total of 119,194 shares. Based on an average trading volume of 336,440 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its holdings in shares of JPMorgan Active Value ETF by 27.8% during the fourth quarter. JPMorgan Chase & Co. now owns 20,401,214 shares of the company’s stock worth $1,463,175,000 after purchasing an additional 4,437,690 shares during the last quarter. OpenArc Corporate Advisory LLC purchased a new stake in JPMorgan Active Value ETF in the fourth quarter valued at $116,506,000. Janney Montgomery Scott LLC purchased a new stake in JPMorgan Active Value ETF in the second quarter valued at $115,836,000. Dynasty Wealth Management LLC grew its position in JPMorgan Active Value ETF by 27.0% during the 4th quarter. Dynasty Wealth Management LLC now owns 4,776,468 shares of the company’s stock worth $342,568,000 after purchasing an additional 1,014,584 shares during the period. Finally, Bank of America Corp DE grew its position in JPMorgan Active Value ETF by 117.0% during the 1st quarter. Bank of America Corp DE now owns 1,771,693 shares of the company’s stock worth $127,119,000 after purchasing an additional 955,074 shares during the period. 43.07% of the stock is owned by institutional investors and hedge funds.

JPMorgan Active Value ETF Stock Down 0.5%

Shares of JAVA opened at $82.20 on Wednesday. JPMorgan Active Value ETF has a 52-week low of $67.14 and a 52-week high of $84.06. The business has a fifty day moving average of $81.47 and a 200 day moving average of $77.46. The company has a market cap of $7.04 billion, a PE ratio of -90.33 and a beta of 0.77.

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.