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

JPMorgan Diversified Return U.S. Equity ETF (NYSEARCA:JPUS) was the target of a significant decrease in short interest during the month of February. As of February 27th, there was short interest totaling 5,121 shares, a decrease of 21.6% from the February 12th total of 6,531 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 6,396 shares, the days-to-cover ratio is currently 0.8 days. Based on an average daily volume of 6,396 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.2% of the shares of the stock are short sold.

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

Several hedge funds have recently bought and sold shares of JPUS. PNC Financial Services Group Inc. acquired a new position in shares of JPMorgan Diversified Return U.S. Equity ETF in the second quarter worth $25,000. Horizon Investments LLC purchased a new stake in shares of JPMorgan Diversified Return U.S. Equity ETF in the third quarter valued at $37,000. Harbor Asset Planning Inc. acquired a new stake in shares of JPMorgan Diversified Return U.S. Equity ETF during the fourth quarter valued at $49,000. CIBC Private Wealth Group LLC purchased a new stake in JPMorgan Diversified Return U.S. Equity ETF during the 4th quarter worth about $91,000. Finally, Northwestern Mutual Wealth Management Co. increased its position in JPMorgan Diversified Return U.S. Equity ETF by 112.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 948 shares of the company’s stock worth $112,000 after purchasing an additional 502 shares in the last quarter.

JPMorgan Diversified Return U.S. Equity ETF Stock Down 0.1%

Shares of JPUS traded down $0.18 during mid-day trading on Friday, reaching $130.69. 6,625 shares of the company’s stock were exchanged, compared to its average volume of 7,752. JPMorgan Diversified Return U.S. Equity ETF has a 52-week low of $101.63 and a 52-week high of $137.48. The company has a market cap of $405.14 million, a price-to-earnings ratio of 17.74 and a beta of 0.87. The company has a 50-day simple moving average of $131.71 and a two-hundred day simple moving average of $126.39.

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.