JPMorgan Diversified Return U.S. Mid Cap Equity ETF (NYSEARCA:JPME) Short Interest Up 192.7% in June

JPMorgan Diversified Return U.S. Mid Cap Equity ETF (NYSEARCA:JPME) was the target of a significant increase in short interest in June. As of June 15th, there was short interest totaling 4,095 shares, an increase of 192.7% from the May 31st total of 1,399 shares. Based on an average daily trading volume, of 10,434 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.1% of the shares of the stock are sold short.

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

NYSEARCA JPME traded down $0.44 during trading on Tuesday, reaching $124.44. The company’s stock had a trading volume of 3,926 shares, compared to its average volume of 12,316. The firm has a fifty day moving average of $121.80 and a 200 day moving average of $116.98. JPMorgan Diversified Return U.S. Mid Cap Equity ETF has a one year low of $102.91 and a one year high of $126.00. The stock has a market capitalization of $447.98 million, a PE ratio of 17.00 and a beta of 0.88.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Fifth Third Bancorp purchased a new stake in JPMorgan Diversified Return U.S. Mid Cap Equity ETF in the first quarter valued at approximately $33,000. MAI Capital Management increased its holdings in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 48.4% in the 3rd quarter. MAI Capital Management now owns 408 shares of the company’s stock worth $44,000 after buying an additional 133 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 355.7% in the 4th quarter. Farther Finance Advisors LLC now owns 793 shares of the company’s stock worth $86,000 after buying an additional 619 shares during the last quarter. Cary Street Partners Financial LLC purchased a new stake in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF during the 3rd quarter valued at $220,000. Finally, ProCore Advisors LLC purchased a new stake in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF during the 4th quarter valued at $226,000.

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.