JPMorgan Diversified Return U.S. Mid Cap Equity ETF (NYSEARCA:JPME) Short Interest Update

JPMorgan Diversified Return U.S. Mid Cap Equity ETF (NYSEARCA:JPME) saw a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 13,906 shares, a growth of 79.8% from the July 30th total of 7,734 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily volume of 9,346 shares, the days-to-cover ratio is currently 1.5 days.

JPMorgan Diversified Return U.S. Mid Cap Equity ETF Stock Down 0.5%

NYSEARCA JPME traded down $0.59 during trading hours on Monday, reaching $126.24. The company’s stock had a trading volume of 7,469 shares, compared to its average volume of 12,130. The firm’s 50-day moving average price is $126.04 and its 200-day moving average price is $121.48. JPMorgan Diversified Return U.S. Mid Cap Equity ETF has a 1 year low of $104.47 and a 1 year high of $129.90. The company has a market capitalization of $467.09 million, a price-to-earnings ratio of 17.00 and a beta of 0.88.

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

Institutional investors and hedge funds have recently modified their holdings of the stock. HighTower Advisors LLC boosted its holdings in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 8.0% during the 4th quarter. HighTower Advisors LLC now owns 338,574 shares of the company’s stock valued at $36,789,000 after purchasing an additional 24,973 shares during the last quarter. Modern Wealth Management LLC bought a new stake in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF in the first quarter worth about $2,523,000. LPL Financial LLC increased its holdings in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 7.8% in the fourth quarter. LPL Financial LLC now owns 244,782 shares of the company’s stock worth $26,598,000 after purchasing an additional 17,682 shares during the last quarter. Vantus Wealth LLC purchased a new stake in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF in the fourth quarter worth about $1,704,000. Finally, Advyzon Investment Management LLC lifted its position in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 627.6% in the fourth quarter. Advyzon Investment Management LLC now owns 15,375 shares of the company’s stock worth $1,671,000 after buying an additional 13,262 shares in the last quarter.

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.