JPMorgan Diversified Return International Equity ETF (NYSEARCA:JPIN) Shares Shorted: Short Interest Down 67.0% in October

JPMorgan Diversified Return International Equity ETF (NYSEARCA:JPIN) saw a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 12,619 shares, a drop of 67.0% from the September 30th total of 38,199 shares. Based on an average daily volume of 27,239 shares, the short-interest ratio is currently 0.5 days. Currently, 0.2% of the shares of the company are short sold.

Institutional Investors Weigh In On JPMorgan Diversified Return International Equity ETF

Several hedge funds have recently made changes to their positions in JPIN. RHS Financial LLC increased its position in JPMorgan Diversified Return International Equity ETF by 260.0% in the 3rd quarter. RHS Financial LLC now owns 60,358 shares of the company’s stock valued at $4,455,000 after acquiring an additional 43,593 shares during the period. MCF Advisors LLC acquired a new stake in JPMorgan Diversified Return International Equity ETF during the 2nd quarter worth approximately $2,940,000. Sherman Wealth Management LLC lifted its position in JPMorgan Diversified Return International Equity ETF by 8.9% during the 2nd quarter. Sherman Wealth Management LLC now owns 19,387 shares of the company’s stock worth $1,402,000 after acquiring an additional 1,581 shares during the period. Quantinno Capital Management LP lifted its position in JPMorgan Diversified Return International Equity ETF by 45.5% during the 1st quarter. Quantinno Capital Management LP now owns 17,350 shares of the company’s stock worth $1,236,000 after acquiring an additional 5,427 shares during the period. Finally, NewEdge Advisors LLC grew its stake in shares of JPMorgan Diversified Return International Equity ETF by 37.1% in the 2nd quarter. NewEdge Advisors LLC now owns 14,478 shares of the company’s stock valued at $1,047,000 after purchasing an additional 3,919 shares during the last quarter.

JPMorgan Diversified Return International Equity ETF Stock Performance

JPMorgan Diversified Return International Equity ETF stock traded up $0.25 during midday trading on Thursday, hitting $74.23. 6,820 shares of the company’s stock were exchanged, compared to its average volume of 15,641. The stock has a market cap of $386.00 million, a price-to-earnings ratio of 12.60 and a beta of 0.68. JPMorgan Diversified Return International Equity ETF has a 12-month low of $65.86 and a 12-month high of $77.94. The firm’s 50 day simple moving average is $75.19 and its 200 day simple moving average is $73.90.

About JPMorgan Diversified Return International Equity ETF

The JPMorgan Diversified Return International Equity ETF (JPIN) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of developed ex-North America securities that are selected based on value, momentum, and quality factors, then weighted by the inverse of historical volatility on a sector and regional level. JPIN was launched on Nov 7, 2014 and is managed by JPMorgan Chase.