JPMorgan Diversified Return U.S. Equity ETF (NYSEARCA:JPUS) Short Interest Up 106.3% in April

JPMorgan Diversified Return U.S. Equity ETF (NYSEARCA:JPUS) saw a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 7,025 shares, a growth of 106.3% from the April 15th total of 3,405 shares. Based on an average daily trading volume, of 8,348 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.2% of the shares of the stock are short sold.

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

Several institutional investors and hedge funds have recently modified their holdings of JPUS. Horizon Investments LLC purchased a new stake in shares of JPMorgan Diversified Return U.S. Equity ETF in the third quarter valued at about $37,000. Harbor Asset Planning Inc. purchased a new stake in shares of JPMorgan Diversified Return U.S. Equity ETF in the fourth quarter valued at about $49,000. Cassaday & Co Wealth Management LLC purchased a new stake in shares of JPMorgan Diversified Return U.S. Equity ETF in the first quarter valued at about $83,000. CIBC Private Wealth Group LLC purchased a new stake in shares of JPMorgan Diversified Return U.S. Equity ETF in the fourth quarter valued at about $91,000. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of JPMorgan Diversified Return U.S. Equity ETF by 112.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 948 shares of the company’s stock valued at $112,000 after purchasing an additional 502 shares in the last quarter.

JPMorgan Diversified Return U.S. Equity ETF Price Performance

Shares of NYSEARCA JPUS traded down $1.81 on Friday, hitting $134.16. The company’s stock had a trading volume of 7,189 shares, compared to its average volume of 10,367. JPMorgan Diversified Return U.S. Equity ETF has a 12-month low of $113.95 and a 12-month high of $137.80. The company has a market capitalization of $432.00 million, a price-to-earnings ratio of 17.74 and a beta of 0.82. The stock has a 50 day moving average of $133.38 and a 200-day moving average of $129.50.

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.