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

JPMorgan Diversified Return U.S. Equity ETF (NYSEARCA:JPUS) was the recipient of a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 6,493 shares, a decrease of 49.5% from the May 14th total of 12,854 shares. Based on an average daily volume of 7,447 shares, the short-interest ratio is currently 0.9 days. Currently, 0.2% of the company’s stock are short sold.

JPMorgan Diversified Return U.S. Equity ETF Price Performance

Shares of JPUS stock opened at $140.59 on Friday. JPMorgan Diversified Return U.S. Equity ETF has a 12 month low of $116.05 and a 12 month high of $140.59. The firm has a market capitalization of $452.70 million, a P/E ratio of 17.74 and a beta of 0.81. The company’s fifty day moving average price is $136.00 and its two-hundred day moving average price is $131.60.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of JPUS. Financially in Tune LLC bought a new position in JPMorgan Diversified Return U.S. Equity ETF in the 4th quarter worth about $4,853,000. Vise Technologies Inc. boosted its holdings in shares of JPMorgan Diversified Return U.S. Equity ETF by 715.7% in the fourth quarter. Vise Technologies Inc. now owns 23,509 shares of the company’s stock valued at $2,914,000 after acquiring an additional 20,627 shares in the last quarter. Schiavi & Co LLC boosted its holdings in JPMorgan Diversified Return U.S. Equity ETF by 302.2% during the fourth quarter. Schiavi & Co LLC now owns 26,410 shares of the company’s stock worth $3,273,000 after buying an additional 19,843 shares in the last quarter. Hershey Financial Advisers LLC bought a new stake in JPMorgan Diversified Return U.S. Equity ETF during the first quarter worth approximately $1,350,000. Finally, Bank of America Corp DE boosted its holdings in JPMorgan Diversified Return U.S. Equity ETF by 3.2% during the third quarter. Bank of America Corp DE now owns 274,097 shares of the company’s stock worth $33,963,000 after buying an additional 8,485 shares in the last quarter.

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.