JPMorgan Diversified Return U.S. Equity ETF (NYSEARCA:JPUS) Short Interest Down 24.8% in April

JPMorgan Diversified Return U.S. Equity ETF (NYSEARCA:JPUS) saw a significant drop in short interest in the month of April. As of April 15th, there was short interest totaling 3,405 shares, a drop of 24.8% from the March 31st total of 4,528 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 28,614 shares, the days-to-cover ratio is presently 0.1 days.

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

Several institutional investors have recently bought and sold shares of JPUS. Horizon Investments LLC purchased a new position in JPMorgan Diversified Return U.S. Equity ETF during the third quarter valued at approximately $37,000. Harbor Asset Planning Inc. acquired a new stake in JPMorgan Diversified Return U.S. Equity ETF in the fourth quarter valued at approximately $49,000. CIBC Private Wealth Group LLC acquired a new stake in JPMorgan Diversified Return U.S. Equity ETF in the fourth quarter valued at approximately $91,000. Northwestern Mutual Wealth Management Co. boosted its stake in 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 acquiring an additional 502 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new stake in JPMorgan Diversified Return U.S. Equity ETF in the third quarter valued at approximately $115,000.

JPMorgan Diversified Return U.S. Equity ETF Stock Down 0.4%

JPUS stock traded down $0.52 during trading on Wednesday, hitting $135.22. 5,246 shares of the company’s stock traded hands, compared to its average volume of 10,387. The firm has a market capitalization of $435.41 million, a P/E ratio of 17.74 and a beta of 0.84. The business has a fifty day simple moving average of $133.37 and a two-hundred day simple moving average of $128.53. JPMorgan Diversified Return U.S. Equity ETF has a 1 year low of $110.94 and a 1 year high of $137.50.

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.