JPMorgan U.S. Research Enhanced Large Cap ETF (NYSEARCA:JUSA – Get Free Report) was the target of a significant drop in short interest in October. As of October 15th, there was short interest totaling 11,554 shares, a drop of 55.7% from the September 30th total of 26,079 shares. Based on an average daily volume of 114,209 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are sold short.
JPMorgan U.S. Research Enhanced Large Cap ETF Stock Down 1.7%
Shares of JUSA stock traded down $1.20 during trading hours on Friday, hitting $67.79. 48,060 shares of the company’s stock traded hands, compared to its average volume of 76,161. The stock’s fifty day simple moving average is $68.92 and its two-hundred day simple moving average is $65.67. JPMorgan U.S. Research Enhanced Large Cap ETF has a 12-month low of $57.20 and a 12-month high of $70.37. The stock has a market cap of $744.33 million, a price-to-earnings ratio of 26.08 and a beta of 0.97.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the stock. MassMutual Private Wealth & Trust FSB purchased a new stake in JPMorgan U.S. Research Enhanced Large Cap ETF during the 3rd quarter valued at about $1,933,000. Unique Wealth LLC bought a new stake in JPMorgan U.S. Research Enhanced Large Cap ETF during the 2nd quarter valued at about $1,926,000. Hopwood Nicholas Hunter bought a new stake in JPMorgan U.S. Research Enhanced Large Cap ETF during the 2nd quarter valued at about $1,546,000. Elevation Wealth Management LLC purchased a new position in JPMorgan U.S. Research Enhanced Large Cap ETF in the second quarter worth about $670,000. Finally, MLG Wealth Management DBA Pine Grove Financial Group purchased a new position in JPMorgan U.S. Research Enhanced Large Cap ETF in the second quarter worth about $1,532,000.
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.
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