Short Interest in JPMorgan Diversified Return U.S. Mid Cap Equity ETF (NYSEARCA:JPME) Decreases By 59.1%

JPMorgan Diversified Return U.S. Mid Cap Equity ETF (NYSEARCA:JPME) was the target of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 5,686 shares, a decline of 59.1% from the August 15th total of 13,906 shares. Based on an average trading volume of 7,688 shares, the short-interest ratio is presently 0.7 days. Currently, 0.2% of the shares of the company are sold short.

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

Institutional investors have recently modified their holdings of the business. KWB Wealth raised its stake in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 4.1% during the 2nd quarter. KWB Wealth now owns 20,296 shares of the company’s stock worth $2,521,000 after buying an additional 792 shares during the period. Curry Webb Wealth Management LLC acquired a new stake in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF in the first quarter valued at approximately $241,000. Royal Bank of Canada increased its stake in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 2.0% in the 1st quarter. Royal Bank of Canada now owns 54,599 shares of the company’s stock worth $6,253,000 after acquiring an additional 1,081 shares during the last quarter. Gateway Wealth Partners LLC purchased a new position in JPMorgan Diversified Return U.S. Mid Cap Equity ETF during the first quarter worth about $226,000. Finally, Modern Wealth Management LLC acquired a new position in JPMorgan Diversified Return U.S. Mid Cap Equity ETF in the first quarter valued at approximately $2,523,000.

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

NYSEARCA:JPME traded down $0.65 during mid-day trading on Monday, hitting $124.24. The company’s stock had a trading volume of 13,266 shares, compared to its average volume of 11,924. The stock has a market cap of $459.69 million, a price-to-earnings ratio of 17.00 and a beta of 0.88. The business’s fifty day moving average is $126.34 and its two-hundred day moving average is $121.96. 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.

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.