JPMorgan Diversified Return U.S. Equity ETF (NYSEARCA:JPUS) Short Interest Up 137.6% in July

JPMorgan Diversified Return U.S. Equity ETF (NYSEARCA:JPUS) was the target of a significant increase in short interest in July. As of July 15th, there was short interest totaling 11,636 shares, an increase of 137.6% from the June 30th total of 4,897 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 10,906 shares, the days-to-cover ratio is currently 1.1 days.

JPMorgan Diversified Return U.S. Equity ETF Stock Performance

JPUS stock opened at $142.40 on Tuesday. The company has a market capitalization of $458.53 million, a PE ratio of 17.74 and a beta of 0.80. JPMorgan Diversified Return U.S. Equity ETF has a one year low of $117.15 and a one year high of $142.90. The company’s 50 day moving average price is $139.20 and its two-hundred day moving average price is $135.01.

Hedge Funds Weigh In On JPMorgan Diversified Return U.S. Equity ETF

A number of large investors have recently added to or reduced their stakes in the business. Gateway Wealth Partners LLC bought a new stake in JPMorgan Diversified Return U.S. Equity ETF in the first quarter worth $359,000. Cetera Investment Advisers grew its stake in shares of JPMorgan Diversified Return U.S. Equity ETF by 4.2% during the first quarter. Cetera Investment Advisers now owns 3,552 shares of the company’s stock valued at $462,000 after buying an additional 143 shares during the last quarter. Cassaday & Co Wealth Management LLC bought a new position in shares of JPMorgan Diversified Return U.S. Equity ETF during the first quarter valued at about $83,000. Hershey Financial Advisers LLC purchased a new position in shares of JPMorgan Diversified Return U.S. Equity ETF in the first quarter worth about $1,350,000. Finally, Midwest Trust Co purchased a new position in shares of JPMorgan Diversified Return U.S. Equity ETF in the first quarter worth about $267,000.

About JPMorgan Diversified Return U.S. Equity ETF

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.