JPMorgan Diversified Return U.S. Mid Cap Equity ETF (NYSEARCA:JPME) Sees Significant Drop in Short Interest
by Doug Wharley · The Cerbat GemJPMorgan Diversified Return U.S. Mid Cap Equity ETF (NYSEARCA:JPME – Get Free Report) was the recipient of a significant decline in short interest in May. As of May 15th, there was short interest totaling 4,157 shares, a decline of 57.0% from the April 30th total of 9,665 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 15,441 shares, the short-interest ratio is currently 0.3 days.
JPMorgan Diversified Return U.S. Mid Cap Equity ETF Price Performance
Shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF stock traded down $0.27 during trading hours on Friday, hitting $122.01. The company’s stock had a trading volume of 11,352 shares, compared to its average volume of 13,060. JPMorgan Diversified Return U.S. Mid Cap Equity ETF has a 12 month low of $100.46 and a 12 month high of $122.96. The stock has a 50 day moving average of $118.68 and a 200 day moving average of $114.72. The company has a market capitalization of $439.24 million, a PE ratio of 17.00 and a beta of 0.89.
Hedge Funds Weigh In On JPMorgan Diversified Return U.S. Mid Cap Equity ETF
Institutional investors and hedge funds have recently modified their holdings of the business. HighTower Advisors LLC raised its holdings in JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 8.0% during the 4th quarter. HighTower Advisors LLC now owns 338,574 shares of the company’s stock worth $36,789,000 after buying an additional 24,973 shares during the period. LPL Financial LLC boosted its holdings in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 7.8% in 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. Jones Financial Companies Lllp boosted its holdings in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 46.5% in the third quarter. Jones Financial Companies Lllp now owns 96,016 shares of the company’s stock valued at $10,371,000 after buying an additional 30,474 shares during the period. Appleton Partners Inc. MA increased its position in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 0.9% during the first quarter. Appleton Partners Inc. MA now owns 92,579 shares of the company’s stock worth $10,603,000 after acquiring an additional 837 shares in the last quarter. Finally, Sanctuary Advisors LLC increased its position in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 3.5% during the fourth quarter. Sanctuary Advisors LLC now owns 69,363 shares of the company’s stock worth $7,537,000 after acquiring an additional 2,349 shares in the last quarter.
About JPMorgan Diversified Return U.S. Mid Cap Equity ETF
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.