JPMorgan Active Small Cap Value ETF (NYSEARCA:JPSV) Sees Large Drop in Short Interest

JPMorgan Active Small Cap Value ETF (NYSEARCA:JPSV) was the target of a large decline in short interest in August. As of August 31st, there was short interest totaling 36 shares, a decline of 93.9% from the August 15th total of 592 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 855 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of JPSV. Royal Bank of Canada lifted its stake in JPMorgan Active Small Cap Value ETF by 6.6% in the 4th quarter. Royal Bank of Canada now owns 3,219 shares of the company’s stock valued at $187,000 after acquiring an additional 198 shares in the last quarter. Opal Capital LLC acquired a new stake in shares of JPMorgan Active Small Cap Value ETF in the fourth quarter valued at approximately $359,000. Finally, Citadel Advisors LLC lifted its position in shares of JPMorgan Active Small Cap Value ETF by 8.7% in the third quarter. Citadel Advisors LLC now owns 4,070 shares of the company’s stock worth $239,000 after purchasing an additional 325 shares in the last quarter.

JPMorgan Active Small Cap Value ETF Price Performance

JPSV stock traded up $0.20 during trading hours on Friday, reaching $68.44. 110 shares of the stock were exchanged, compared to its average volume of 625. The firm’s 50-day moving average is $69.90 and its 200-day moving average is $65.29. The company has a market cap of $27.38 million, a price-to-earnings ratio of 15.78 and a beta of 0.82. JPMorgan Active Small Cap Value ETF has a 12 month low of $55.67 and a 12 month high of $72.05.

About JPMorgan Active Small Cap Value ETF

The JPMorgan Active Small Cap Value ETF (JPSV) is an exchange-traded fund that is based on the Russell 2000 index. The fund is an actively managed, non-transparent ETF that provides exposure to US small-cap value stocks. The fund utilizes the Natixis\u002FNYSE proxy portfolio model JPSV was launched on Mar 7, 2023 and is managed by JPMorgan Chase.