Short Interest in JPMorgan Diversified Return U.S. Small Cap Equity ETF (NYSEARCA:JPSE) Declines By 55.1%

JPMorgan Diversified Return U.S. Small Cap Equity ETF (NYSEARCA:JPSE) was the recipient of a large decrease in short interest in the month of March. As of March 13th, there was short interest totaling 4,679 shares, a decrease of 55.1% from the February 26th total of 10,425 shares. Based on an average trading volume of 34,653 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

JPMorgan Diversified Return U.S. Small Cap Equity ETF Stock Down 0.9%

JPSE traded down $0.45 during midday trading on Friday, hitting $51.78. 13,642 shares of the company were exchanged, compared to its average volume of 26,870. The firm’s 50 day moving average price is $53.62 and its 200-day moving average price is $51.50. 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. The firm has a market capitalization of $525.57 million, a P/E ratio of 15.86 and a beta of 1.04.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in JPSE. LPL Financial LLC increased its position in JPMorgan Diversified Return U.S. Small Cap Equity ETF by 4.5% during the 4th quarter. LPL Financial LLC now owns 900,097 shares of the company’s stock valued at $45,071,000 after purchasing an additional 38,838 shares during the period. Bank of America Corp DE lifted its position in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF by 1.0% in the 3rd quarter. Bank of America Corp DE now owns 577,634 shares of the company’s stock worth $28,772,000 after purchasing an additional 5,722 shares during the period. Hartford Financial Management Inc. boosted its stake in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF by 3.9% in the 4th quarter. Hartford Financial Management Inc. now owns 333,388 shares of the company’s stock valued at $16,694,000 after purchasing an additional 12,394 shares during the last quarter. Aprio Wealth Management LLC bought a new stake in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF in the 4th quarter valued at $15,540,000. Finally, Royal Bank of Canada increased its position in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF by 2.1% during the fourth quarter. Royal Bank of Canada now owns 308,209 shares of the company’s stock worth $15,434,000 after buying an additional 6,358 shares during the period.

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.