Short Interest in JPMorgan Diversified Return Emerging Markets Equity ETF (NYSEARCA:JPEM) Drops By 51.3%

JPMorgan Diversified Return Emerging Markets Equity ETF (NYSEARCA:JPEM) was the recipient of a large decline in short interest during the month of April. As of April 30th, there was short interest totaling 3,001 shares, a decline of 51.3% from the April 15th total of 6,159 shares. Based on an average daily trading volume, of 15,618 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are short sold.

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

Hedge funds and other institutional investors have recently modified their holdings of the business. Aptus Capital Advisors LLC boosted its stake in shares of JPMorgan Diversified Return Emerging Markets Equity ETF by 475.0% in the 4th quarter. Aptus Capital Advisors LLC now owns 575 shares of the company’s stock worth $35,000 after buying an additional 475 shares during the last quarter. Richards Merrill & Peterson Inc. purchased a new position in shares of JPMorgan Diversified Return Emerging Markets Equity ETF in the 1st quarter worth approximately $53,000. CWM LLC purchased a new position in shares of JPMorgan Diversified Return Emerging Markets Equity ETF in the 4th quarter worth approximately $59,000. Farther Finance Advisors LLC boosted its stake in shares of JPMorgan Diversified Return Emerging Markets Equity ETF by 126.1% in the 4th quarter. Farther Finance Advisors LLC now owns 1,248 shares of the company’s stock worth $76,000 after buying an additional 696 shares during the last quarter. Finally, First Horizon Corp purchased a new position in shares of JPMorgan Diversified Return Emerging Markets Equity ETF in the 4th quarter worth approximately $83,000.

JPMorgan Diversified Return Emerging Markets Equity ETF Price Performance

Shares of NYSEARCA JPEM traded down $1.29 during midday trading on Friday, reaching $64.13. The company’s stock had a trading volume of 14,208 shares, compared to its average volume of 28,375. JPMorgan Diversified Return Emerging Markets Equity ETF has a 12-month low of $54.39 and a 12-month high of $67.40. The firm has a 50 day moving average price of $63.80 and a 200-day moving average price of $62.92. The stock has a market capitalization of $384.78 million, a P/E ratio of 11.40 and a beta of 0.47.

JPMorgan Diversified Return Emerging Markets Equity ETF Company Profile

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.