JPMorgan Diversified Return U.S. Small Cap Equity ETF (NYSEARCA:JPSE) Sees Significant Decrease in Short Interest

JPMorgan Diversified Return U.S. Small Cap Equity ETF (NYSEARCA:JPSE) was the recipient of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 20,401 shares, a decrease of 59.9% from the June 30th total of 50,901 shares. Based on an average daily trading volume, of 36,639 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.2% of the company’s shares are short sold.

Institutional Investors Weigh In On JPMorgan Diversified Return U.S. Small Cap Equity ETF

Institutional investors have recently bought and sold shares of the stock. Lodestone Wealth Management LLC purchased a new position in JPMorgan Diversified Return U.S. Small Cap Equity ETF during the fourth quarter worth approximately $33,000. Private Wealth Management Group LLC purchased a new stake in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF during the 4th quarter valued at $63,000. Caldwell Trust Co purchased a new stake in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF during the 4th quarter valued at $65,000. Horizon Investments LLC increased its holdings in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF by 165.4% during the 4th quarter. Horizon Investments LLC now owns 1,290 shares of the company’s stock worth $65,000 after buying an additional 804 shares during the last quarter. Finally, N.E.W. Advisory Services LLC increased its holdings in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF by 714.9% during the 4th quarter. N.E.W. Advisory Services LLC now owns 2,852 shares of the company’s stock worth $143,000 after buying an additional 2,502 shares during the last quarter.

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

NYSEARCA:JPSE traded down $0.61 during mid-day trading on Wednesday, reaching $59.14. The company’s stock had a trading volume of 3,632 shares, compared to its average volume of 28,539. The stock has a market cap of $590.22 million, a P/E ratio of 15.86 and a beta of 0.98. The company’s fifty day simple moving average is $58.97 and its two-hundred day simple moving average is $56.04. JPMorgan Diversified Return U.S. Small Cap Equity ETF has a twelve month low of $44.85 and a twelve month high of $60.59.

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.