JPMorgan Diversified Return U.S. Mid Cap Equity ETF (NYSEARCA:JPME) Shares Shorted: Short Interest Down 55.8% in September

JPMorgan Diversified Return U.S. Mid Cap Equity ETF (NYSEARCA:JPME) saw a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 2,664 shares, a drop of 55.8% from the September 15th total of 6,033 shares. Based on an average trading volume of 21,941 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are sold short.

Hedge Funds Weigh In On JPMorgan Diversified Return U.S. Mid Cap Equity ETF

A number of hedge funds have recently bought and sold shares of the company. Appleton Partners Inc. MA raised its holdings in JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 0.9% in the 1st quarter. Appleton Partners Inc. MA now owns 92,579 shares of the company’s stock worth $10,603,000 after acquiring an additional 837 shares during the last quarter. Royal Bank of Canada lifted its position in 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 valued at $6,253,000 after acquiring an additional 1,081 shares in the last quarter. Modern Wealth Management LLC purchased a new stake in JPMorgan Diversified Return U.S. Mid Cap Equity ETF during the 1st quarter valued at $2,523,000. KWB Wealth boosted its stake in 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 valued at $2,521,000 after purchasing an additional 792 shares during the last quarter. Finally, Private Advisor Group LLC boosted its stake in JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 1.1% during the 1st quarter. Private Advisor Group LLC now owns 19,227 shares of the company’s stock valued at $2,202,000 after purchasing an additional 212 shares during the last quarter.

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

NYSEARCA:JPME traded up $0.37 during mid-day trading on Tuesday, hitting $121.74. 9,809 shares of the company’s stock were exchanged, compared to its average volume of 12,359. The company has a market cap of $474.79 million, a PE ratio of 17.00 and a beta of 0.88. JPMorgan Diversified Return U.S. Mid Cap Equity ETF has a one year low of $104.47 and a one year high of $129.90. The business has a fifty day moving average price of $124.81 and a 200 day moving average price of $122.78.

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.