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

JPMorgan International Value ETF (NASDAQ:JIVE) was the target of a large decline in short interest in the month of February. As of February 27th, there was short interest totaling 45,174 shares, a decline of 70.1% from the February 12th total of 150,967 shares. Based on an average daily volume of 262,825 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.7% of the company’s stock are sold short. Approximately 0.7% of the company’s stock are sold short. Based on an average daily volume of 262,825 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On JPMorgan International Value ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in JIVE. RiverFront Investment Group LLC raised its stake in shares of JPMorgan International Value ETF by 156.2% in the 2nd quarter. RiverFront Investment Group LLC now owns 1,289,327 shares of the software maker’s stock valued at $89,348,000 after purchasing an additional 786,089 shares during the period. Lido Advisors LLC acquired a new position in shares of JPMorgan International Value ETF during the fourth quarter worth about $40,580,000. Envestnet Asset Management Inc. grew its holdings in shares of JPMorgan International Value ETF by 26.3% during the third quarter. Envestnet Asset Management Inc. now owns 1,433,373 shares of the software maker’s stock worth $108,076,000 after buying an additional 298,349 shares in the last quarter. LPL Financial LLC grew its holdings in shares of JPMorgan International Value ETF by 20.7% during the fourth quarter. LPL Financial LLC now owns 1,724,611 shares of the software maker’s stock worth $138,449,000 after buying an additional 295,833 shares in the last quarter. Finally, Raymond James Financial Inc. raised its position in JPMorgan International Value ETF by 160.3% in the 2nd quarter. Raymond James Financial Inc. now owns 445,031 shares of the software maker’s stock valued at $30,840,000 after buying an additional 274,037 shares during the last quarter. 65.36% of the stock is owned by institutional investors and hedge funds.

JPMorgan International Value ETF Stock Performance

JIVE stock traded down $0.13 during mid-day trading on Friday, hitting $84.24. 157,475 shares of the company were exchanged, compared to its average volume of 341,280. JPMorgan International Value ETF has a 1-year low of $54.62 and a 1-year high of $92.33. The firm’s 50 day simple moving average is $86.73 and its 200 day simple moving average is $80.25. The firm has a market cap of $1.33 billion, a P/E ratio of -765.82 and a beta of 0.41.

JPMorgan International Value ETF Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Thursday, December 18th. Investors of record on Tuesday, December 16th were issued a dividend of $1.8328 per share. The ex-dividend date was Tuesday, December 16th. This is a positive change from JPMorgan International Value ETF’s previous annual dividend of $0.48. This represents a dividend yield of 227.0%. JPMorgan International Value ETF’s dividend payout ratio (DPR) is -1,081.82%.

JPMorgan International Value ETF Company Profile

Jive Software, Inc is engaged in providing software sales and services. The Company’s products are sold on a subscription basis, deployable in on-premise, hosted and cloud instances and used for internal or external communities. Its traditional enterprise software product offerings are based on the Jive platform (the Jive Platform), which is a communication and collaboration hub. It sells its Jive Platform across two communities: internally for employees within the enterprise and externally for customers and partners outside the enterprise.