JPMorgan Diversified Return U.S. Equity ETF (NYSEARCA:JPUS) Short Interest Up 137.6% in July

JPMorgan Diversified Return U.S. Equity ETF (NYSEARCA:JPUS) was the target of a large growth in short interest in July. As of July 15th, there was short interest totaling 11,636 shares, a growth of 137.6% from the June 30th total of 4,897 shares. Based on an average daily volume of 10,906 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.4% of the company’s shares are sold short.

JPMorgan Diversified Return U.S. Equity ETF Stock Performance

Shares of JPUS opened at $142.40 on Tuesday. The firm’s 50-day moving average price is $139.20 and its 200-day moving average price is $135.01. The firm has a market capitalization of $458.53 million, a price-to-earnings ratio of 17.74 and a beta of 0.80. JPMorgan Diversified Return U.S. Equity ETF has a 1-year low of $117.15 and a 1-year high of $142.90.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. AQR Capital Management LLC raised its position in shares of JPMorgan Diversified Return U.S. Equity ETF by 0.7% in the 4th quarter. AQR Capital Management LLC now owns 12,676 shares of the company’s stock worth $1,571,000 after acquiring an additional 85 shares in the last quarter. Cetera Investment Advisers grew its stake in JPMorgan Diversified Return U.S. Equity ETF by 3.8% in the fourth quarter. Cetera Investment Advisers now owns 3,409 shares of the company’s stock worth $422,000 after purchasing an additional 126 shares during the period. Aptus Capital Advisors LLC grew its stake in JPMorgan Diversified Return U.S. Equity ETF by 9.3% in the third quarter. Aptus Capital Advisors LLC now owns 1,631 shares of the company’s stock worth $202,000 after purchasing an additional 139 shares during the period. RHS Financial LLC raised its holdings in JPMorgan Diversified Return U.S. Equity ETF by 1.6% in the fourth quarter. RHS Financial LLC now owns 10,842 shares of the company’s stock worth $1,344,000 after purchasing an additional 168 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in JPMorgan Diversified Return U.S. Equity ETF by 6.6% in the third quarter. Ameriprise Financial Inc. now owns 2,812 shares of the company’s stock worth $352,000 after purchasing an additional 174 shares in the last quarter.

JPMorgan Diversified Return U.S. Equity ETF Company Profile

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.