JPMorgan U.S. Research Enhanced Large Cap ETF (NYSEARCA:JUSA) Sees Large Growth in Short Interest

JPMorgan U.S. Research Enhanced Large Cap ETF (NYSEARCA:JUSA) saw a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 24,238 shares, an increase of 253.1% from the August 15th total of 6,864 shares. Based on an average daily volume of 30,055 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.2% of the shares of the company are short sold.

JPMorgan U.S. Research Enhanced Large Cap ETF Trading Down 0.7%

JUSA traded down $0.51 during midday trading on Monday, hitting $68.25. 152,697 shares of the company were exchanged, compared to its average volume of 72,834. The company’s 50 day simple moving average is $68.44 and its 200 day simple moving average is $65.56. The firm has a market capitalization of $690.65 million, a price-to-earnings ratio of 26.08 and a beta of 0.97. JPMorgan U.S. Research Enhanced Large Cap ETF has a 1-year low of $57.20 and a 1-year high of $70.37.

Institutional Trading of JPMorgan U.S. Research Enhanced Large Cap ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Unique Wealth LLC purchased a new position in shares of JPMorgan U.S. Research Enhanced Large Cap ETF during the 2nd quarter valued at approximately $1,926,000. MassMutual Private Wealth & Trust FSB purchased a new position in JPMorgan U.S. Research Enhanced Large Cap ETF in the second quarter valued at $1,500,000. Hopwood Nicholas Hunter purchased a new position in JPMorgan U.S. Research Enhanced Large Cap ETF in the second quarter valued at $1,546,000. MLG Wealth Management DBA Pine Grove Financial Group acquired a new position in shares of JPMorgan U.S. Research Enhanced Large Cap ETF in the second quarter worth about $1,532,000. Finally, Elevation Wealth Management LLC acquired a new position in shares of JPMorgan U.S. Research Enhanced Large Cap ETF in the second quarter worth about $670,000.

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.