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

JPMorgan Diversified Return U.S. Mid Cap Equity ETF (NYSEARCA:JPME) was the target of a significant drop in short interest in 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. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 11,293 shares, the short-interest ratio is presently 0.1 days.

JPMorgan Diversified Return U.S. Mid Cap Equity ETF Stock Down 0.8%

JPME opened at $121.88 on Thursday. The company has a market cap of $438.77 million, a price-to-earnings ratio of 17.00 and a beta of 0.88. JPMorgan Diversified Return U.S. Mid Cap Equity ETF has a 52-week low of $101.81 and a 52-week high of $123.66. The firm’s fifty day simple moving average is $120.12 and its two-hundred day simple moving average is $115.62.

Hedge Funds Weigh In On 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. Royal Bank of Canada lifted its holdings in JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 2.0% during the first quarter. Royal Bank of Canada now owns 45,070 shares of the company’s stock valued at $4,533,000 after purchasing an additional 902 shares in the last quarter. Ameriprise Financial Inc. purchased a new position in JPMorgan Diversified Return U.S. Mid Cap Equity ETF during the second quarter valued at $490,000. MML Investors Services LLC lifted its holdings in JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 10.9% during the second quarter. MML Investors Services LLC now owns 10,355 shares of the company’s stock valued at $1,074,000 after purchasing an additional 1,020 shares in the last quarter. HighTower Advisors LLC lifted its holdings in JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 6.4% during the third quarter. HighTower Advisors LLC now owns 313,601 shares of the company’s stock valued at $34,009,000 after purchasing an additional 18,997 shares in the last quarter. Finally, Luts & Greenleigh Group Inc. purchased a new position in JPMorgan Diversified Return U.S. Mid Cap Equity ETF during the third quarter valued at $222,000.

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

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.