JPMorgan Diversified Return U.S. Equity ETF (NYSEARCA:JPUS) Sees Large Growth in Short Interest

JPMorgan Diversified Return U.S. Equity ETF (NYSEARCA:JPUS) was the target of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 14,788 shares, an increase of 411.3% from the September 30th total of 2,892 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 16,409 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Trading of JPMorgan Diversified Return U.S. Equity ETF

A number of hedge funds have recently made changes to their positions in the company. Cassaday & Co Wealth Management LLC acquired a new stake in shares of JPMorgan Diversified Return U.S. Equity ETF during the first quarter valued at about $83,000. Continuum Advisory LLC acquired a new stake in shares of JPMorgan Diversified Return U.S. Equity ETF during the second quarter worth approximately $193,000. Apella Capital LLC acquired a new stake in shares of JPMorgan Diversified Return U.S. Equity ETF during the first quarter worth approximately $207,000. Integrated Wealth Concepts LLC acquired a new stake in JPMorgan Diversified Return U.S. Equity ETF in the second quarter valued at $246,000. Finally, Midwest Trust Co bought a new position in shares of JPMorgan Diversified Return U.S. Equity ETF during the first quarter worth about $267,000.

JPMorgan Diversified Return U.S. Equity ETF Price Performance

JPMorgan Diversified Return U.S. Equity ETF stock traded down $0.08 during midday trading on Tuesday, hitting $141.43. 1,214 shares of the company were exchanged, compared to its average volume of 9,000. The company’s fifty day moving average price is $140.87 and its 200-day moving average price is $136.97. The company has a market cap of $463.89 million, a PE ratio of 17.74 and a beta of 0.80. JPMorgan Diversified Return U.S. Equity ETF has a fifty-two week low of $120.16 and a fifty-two week high of $146.35.

JPMorgan Diversified Return U.S. Equity ETF Company Profile

The JPMorgan Diversified Return U.S. Equity ETF (JPUS) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of large-cap US stocks selected from the Russell 1000 using relative value, momentum, and quality factors. The fund is weighted for equal risk contribution at the sector level and holdings are equal-weighted within sectors. JPUS was launched on Sep 29, 2015 and is managed by JPMorgan Chase.