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

JPMorgan International Value ETF (NASDAQ:JIVE) was the recipient of a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 65,917 shares, a decline of 51.8% from the August 31st total of 136,871 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 337,746 shares, the days-to-cover ratio is currently 0.2 days.

JPMorgan International Value ETF Stock Down 0.9%

NASDAQ:JIVE traded down $0.91 during midday trading on Wednesday, hitting $95.22. The stock had a trading volume of 647,410 shares, compared to its average volume of 339,503. JPMorgan International Value ETF has a one year low of $73.71 and a one year high of $100.21. The company has a market capitalization of $4.04 billion, a price-to-earnings ratio of -865.64 and a beta of 0.45. The stock has a 50-day moving average of $97.24 and a 200 day moving average of $92.89.

Institutional Investors Weigh In On JPMorgan International Value ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Envestnet Portfolio Solutions Inc. bought a new stake in shares of JPMorgan International Value ETF in the 2nd quarter valued at about $4,056,000. Envestnet Asset Management Inc. raised its stake in shares of JPMorgan International Value ETF by 65.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,612,993 shares of the ETF’s stock worth $240,276,000 after acquiring an additional 1,035,252 shares in the last quarter. Capital Analysts LLC lifted its position in JPMorgan International Value ETF by 35.3% during the second quarter. Capital Analysts LLC now owns 5,828 shares of the ETF’s stock valued at $536,000 after acquiring an additional 1,522 shares during the last quarter. Integrated Wealth Concepts LLC lifted its position in JPMorgan International Value ETF by 878.9% during the second quarter. Integrated Wealth Concepts LLC now owns 40,859 shares of the ETF’s stock valued at $3,757,000 after acquiring an additional 36,685 shares during the last quarter. Finally, IFP Advisors Inc boosted its stake in JPMorgan International Value ETF by 37.7% in the second quarter. IFP Advisors Inc now owns 4,868 shares of the ETF’s stock valued at $448,000 after acquiring an additional 1,333 shares in the last quarter. Institutional investors own 65.36% of the company’s stock.

About JPMorgan International Value ETF

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.