Short Interest in JPMorgan Diversified Return U.S. Mid Cap Equity ETF (NYSEARCA:JPME) Increases By 41.0%

JPMorgan Diversified Return U.S. Mid Cap Equity ETF (NYSEARCA:JPME) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totaling 10,764 shares, a growth of 41.0% from the December 15th total of 7,632 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 7,215 shares, the days-to-cover ratio is presently 1.5 days. Based on an average daily trading volume, of 7,215 shares, the days-to-cover ratio is presently 1.5 days. Approximately 0.3% of the shares of the stock are sold short.

Hedge Funds Weigh In On JPMorgan Diversified Return U.S. Mid Cap Equity ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in JPME. Ameritas Advisory Services LLC bought a new stake in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF during the second quarter worth $31,000. MAI Capital Management lifted its stake 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 valued at $44,000 after acquiring an additional 133 shares during the last quarter. Private Trust Co. NA boosted its holdings in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 119.4% during the 3rd quarter. Private Trust Co. NA now owns 1,165 shares of the company’s stock valued at $126,000 after acquiring an additional 634 shares in the last quarter. Cary Street Partners Financial LLC acquired a new stake in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF during the 3rd quarter valued at $220,000. Finally, Luts & Greenleigh Group Inc. bought a new stake in JPMorgan Diversified Return U.S. Mid Cap Equity ETF during the 3rd quarter worth $222,000.

JPMorgan Diversified Return U.S. Mid Cap Equity ETF Trading Down 0.3%

NYSEARCA JPME traded down $0.33 during trading on Friday, hitting $113.47. 16,240 shares of the company’s stock were exchanged, compared to its average volume of 6,804. The company has a market cap of $402.82 million, a PE ratio of 17.00 and a beta of 0.95. JPMorgan Diversified Return U.S. Mid Cap Equity ETF has a fifty-two week low of $87.85 and a fifty-two week high of $113.96. The stock’s 50 day moving average price is $109.39 and its two-hundred day moving average price is $107.73.

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.