Short Interest in JPMorgan Diversified Return U.S. Small Cap Equity ETF (NYSEARCA:JPSE) Drops By 44.8%

JPMorgan Diversified Return U.S. Small Cap Equity ETF (NYSEARCA:JPSE) was the target of a large decrease in short interest in the month of January. As of January 30th, there was short interest totaling 21,468 shares, a decrease of 44.8% from the January 15th total of 38,914 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 23,726 shares, the days-to-cover ratio is currently 0.9 days. Based on an average daily trading volume, of 23,726 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.2% of the shares of the stock are short sold.

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

JPMorgan Diversified Return U.S. Small Cap Equity ETF stock traded up $0.74 during trading on Friday, reaching $54.89. The company had a trading volume of 42,273 shares, compared to its average volume of 22,842. The firm has a market capitalization of $557.13 million, a PE ratio of 15.86 and a beta of 1.04. The firm’s 50-day simple moving average is $52.53 and its 200 day simple moving average is $50.40. JPMorgan Diversified Return U.S. Small Cap Equity ETF has a 1-year low of $37.66 and a 1-year high of $55.40.

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

Institutional investors and hedge funds have recently modified their holdings of the stock. LPL Financial LLC lifted its stake in JPMorgan Diversified Return U.S. Small Cap Equity ETF by 4.5% in the 4th quarter. LPL Financial LLC now owns 900,097 shares of the company’s stock valued at $45,071,000 after buying an additional 38,838 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF by 1.0% during the third quarter. Bank of America Corp DE now owns 577,634 shares of the company’s stock valued at $28,772,000 after acquiring an additional 5,722 shares during the last quarter. Hartford Financial Management Inc. lifted its position in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF by 3.9% in the fourth quarter. Hartford Financial Management Inc. now owns 333,388 shares of the company’s stock valued at $16,694,000 after acquiring an additional 12,394 shares in the last quarter. Aprio Wealth Management LLC purchased a new position in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF in the fourth quarter valued at approximately $15,540,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF by 7.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 207,636 shares of the company’s stock worth $10,397,000 after acquiring an additional 14,994 shares during the last quarter.

About JPMorgan Diversified Return U.S. Small Cap Equity ETF

The JPMorgan Diversified Return U.S. Small Cap Equity ETF (JPSE) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks a multi-factor index comprised of US small-cap stocks. The index uses a combination of fundamental and technical factors for stock selection, and inverse volatility for weighting. JPSE was launched on Nov 15, 2016 and is managed by JPMorgan Chase.