JPMorgan Active Value ETF (NYSEARCA:JAVA) Sees Significant Decrease in Short Interest

JPMorgan Active Value ETF (NYSEARCA:JAVA) was the target of a significant drop in short interest in August. As of August 14th, there was short interest totaling 69,052 shares, a drop of 42.1% from the July 30th total of 119,194 shares. Based on an average daily trading volume, of 336,440 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

Hedge Funds Weigh In On JPMorgan Active Value ETF

Several hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its stake in JPMorgan Active Value ETF by 27.8% in the fourth quarter. JPMorgan Chase & Co. now owns 20,401,214 shares of the company’s stock valued at $1,463,175,000 after purchasing an additional 4,437,690 shares during the last quarter. LPL Financial LLC lifted its position in shares of JPMorgan Active Value ETF by 9.3% during the 4th quarter. LPL Financial LLC now owns 6,262,663 shares of the company’s stock valued at $449,158,000 after buying an additional 531,461 shares in the last quarter. Dynasty Wealth Management LLC grew its stake in shares of JPMorgan Active Value ETF by 27.0% during the 4th quarter. Dynasty Wealth Management LLC now owns 4,776,468 shares of the company’s stock valued at $342,568,000 after acquiring an additional 1,014,584 shares during the period. Ameriprise Financial Inc. grew its stake in shares of JPMorgan Active Value ETF by 3.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,531,360 shares of the company’s stock valued at $174,520,000 after acquiring an additional 81,880 shares during the period. Finally, Morgan Stanley increased its holdings in JPMorgan Active Value ETF by 9.9% in the 4th quarter. Morgan Stanley now owns 1,793,105 shares of the company’s stock worth $128,602,000 after acquiring an additional 161,648 shares in the last quarter. Institutional investors and hedge funds own 43.07% of the company’s stock.

JPMorgan Active Value ETF Price Performance

Shares of NYSEARCA JAVA traded down $0.52 during trading hours on Monday, reaching $82.73. The stock had a trading volume of 268,786 shares, compared to its average volume of 436,495. The company has a market cap of $7.08 billion, a price-to-earnings ratio of -90.91 and a beta of 0.77. The business’s fifty day moving average is $81.34 and its two-hundred day moving average is $77.38. JPMorgan Active Value ETF has a twelve month low of $67.14 and a twelve month high of $84.06.

JPMorgan Active Value ETF Company Profile

The JPMorgan Active Value ETF (JAVA) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund of US large-cap value stocks selected based on proprietary fundamental analysis. JAVA was launched on Oct 4, 2021 and is managed by JPMorgan Chase.