JPMorgan Diversified Return U.S. Mid Cap Equity ETF (NYSEARCA:JPME) Sees Significant Decline in Short Interest

by · The Markets Daily

JPMorgan Diversified Return U.S. Mid Cap Equity ETF (NYSEARCA:JPME – Get Free Report) saw a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 1,399 shares, a drop of 66.3% from the May 14th total of 4,157 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 11,293 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of JPMorgan Diversified Return U.S. Mid Cap Equity ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in JPME. HighTower Advisors LLC grew its position in JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 8.0% during the fourth quarter. HighTower Advisors LLC now owns 338,574 shares of the company’s stock valued at $36,789,000 after buying an additional 24,973 shares during the period. Modern Wealth Management LLC acquired a new stake in JPMorgan Diversified Return U.S. Mid Cap Equity ETF during the first quarter valued at $2,523,000. LPL Financial LLC grew its position in JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 7.8% during the fourth quarter. LPL Financial LLC now owns 244,782 shares of the company’s stock valued at $26,598,000 after buying an additional 17,682 shares during the period. Vantus Wealth LLC acquired a new stake in JPMorgan Diversified Return U.S. Mid Cap Equity ETF during the fourth quarter valued at $1,704,000. Finally, Cassilly Financial Group LLC acquired a new stake in JPMorgan Diversified Return U.S. Mid Cap Equity ETF during the fourth quarter valued at $1,666,000.

JPMorgan Diversified Return U.S. Mid Cap Equity ETF Stock Performance

JPME stock opened at $121.88 on Thursday. The firm has a market cap of $438.77 million, a PE ratio of 17.00 and a beta of 0.88. The firm’s fifty day moving average is $120.12 and its 200 day moving average is $115.62. JPMorgan Diversified Return U.S. Mid Cap Equity ETF has a one year low of $101.81 and a one year high of $123.66.

JPMorgan Diversified Return U.S. Mid Cap Equity ETF Company Profile

(Get Free Report)

The JPMorgan Diversified Return U.S. Mid Cap Equity ETF (JPME) is an exchange-traded fund that mostly invests in mid cap equity. The fund tracks an index of mid-cap US stocks selected using relative value, momentum and quality factors, and for equal risk contribution by sector. JPME was launched on May 11, 2016 and is managed by JPMorgan Chase.

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