Short Interest in JPMorgan U.S. Research Enhanced Large Cap ETF (NYSEARCA:JUSA) Drops By 81.7%

JPMorgan U.S. Research Enhanced Large Cap ETF (NYSEARCA:JUSA) was the recipient of a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 6,864 shares, a decline of 81.7% from the July 30th total of 37,520 shares. Based on an average daily volume of 39,279 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are short sold.

JPMorgan U.S. Research Enhanced Large Cap ETF Stock Down 0.1%

Shares of NYSEARCA JUSA traded down $0.05 during mid-day trading on Wednesday, reaching $68.98. 18,094 shares of the company were exchanged, compared to its average volume of 74,368. The company’s 50-day simple moving average is $67.87 and its 200-day simple moving average is $64.93. The stock has a market capitalization of $698.08 million, a P/E ratio of 26.08 and a beta of 0.97. JPMorgan U.S. Research Enhanced Large Cap ETF has a twelve month low of $57.20 and a twelve month high of $70.37.

Institutional Investors Weigh In On JPMorgan U.S. Research Enhanced Large Cap ETF

Hedge funds have recently bought and sold shares of the stock. Goldman Sachs Group Inc. acquired a new position in shares of JPMorgan U.S. Research Enhanced Large Cap ETF in the fourth quarter valued at approximately $391,000. Elevation Wealth Management LLC bought a new stake in JPMorgan U.S. Research Enhanced Large Cap ETF in the 2nd quarter valued at $670,000. Tower Research Capital LLC TRC boosted its stake in JPMorgan U.S. Research Enhanced Large Cap ETF by 714.3% in the 3rd quarter. Tower Research Capital LLC TRC now owns 23,068 shares of the company’s stock valued at $1,388,000 after purchasing an additional 20,235 shares during the period. MassMutual Private Wealth & Trust FSB acquired a new position in JPMorgan U.S. Research Enhanced Large Cap ETF in the 2nd quarter valued at $1,500,000. Finally, Hopwood Nicholas Hunter acquired a new position in JPMorgan U.S. Research Enhanced Large Cap ETF in the 2nd quarter valued at $1,546,000.

About JPMorgan U.S. Research Enhanced Large Cap ETF

The JPMorgan ActiveBuilders U.S. Large Cap Equity ETF (JUSA) is an exchange-traded fund that mostly invests in large cap equity. The fund actively selects US large-cap equities using a top-down and bottom-up approach in seeking to provide long-term capital appreciation. JUSA was launched on Jul 7, 2021 and is managed by JPMorgan Chase.