JPMorgan Diversified Return Emerging Markets Equity ETF (NYSEARCA:JPEM) Short Interest Update

JPMorgan Diversified Return Emerging Markets Equity ETF (NYSEARCA:JPEM) was the target of a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 3,207 shares, a drop of 54.8% from the May 31st total of 7,096 shares. Based on an average daily volume of 19,446 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are short sold.

Hedge Funds Weigh In On JPMorgan Diversified Return Emerging Markets Equity ETF

Hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE increased its holdings in JPMorgan Diversified Return Emerging Markets Equity ETF by 52.4% during the 3rd quarter. Bank of America Corp DE now owns 323,089 shares of the company’s stock worth $19,061,000 after purchasing an additional 111,074 shares in the last quarter. Marshall Wace LLP lifted its holdings in shares of JPMorgan Diversified Return Emerging Markets Equity ETF by 1,848.5% in the second quarter. Marshall Wace LLP now owns 87,740 shares of the company’s stock valued at $4,949,000 after purchasing an additional 83,237 shares in the last quarter. Tactive Advisors LLC boosted its position in shares of JPMorgan Diversified Return Emerging Markets Equity ETF by 33.9% during the fourth quarter. Tactive Advisors LLC now owns 131,424 shares of the company’s stock valued at $7,981,000 after buying an additional 33,291 shares during the last quarter. Birchwood Financial Partners Inc. purchased a new position in shares of JPMorgan Diversified Return Emerging Markets Equity ETF during the fourth quarter valued at approximately $1,745,000. Finally, Strategic Financial Concepts LLC grew its holdings in JPMorgan Diversified Return Emerging Markets Equity ETF by 560.3% during the fourth quarter. Strategic Financial Concepts LLC now owns 30,551 shares of the company’s stock worth $1,855,000 after buying an additional 25,924 shares in the last quarter.

JPMorgan Diversified Return Emerging Markets Equity ETF Price Performance

Shares of NYSEARCA JPEM opened at $62.68 on Monday. The company has a 50-day moving average price of $64.74 and a 200-day moving average price of $63.76. The stock has a market capitalization of $376.08 million, a P/E ratio of 11.40 and a beta of 0.46. JPMorgan Diversified Return Emerging Markets Equity ETF has a 1 year low of $55.48 and a 1 year high of $67.40.

About JPMorgan Diversified Return Emerging Markets Equity ETF

The JPMorgan Diversified Return Emerging Markets Equity ETF (JPEM) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of emerging market equities, selected by multiple factors. Stocks are weighted by market cap and inversely by risk relative to geographic and sector groupings. JPEM was launched on Jan 7, 2015 and is managed by JPMorgan Chase.