JPMorgan Diversified Return Emerging Markets Equity ETF (NYSEARCA:JPEM) Sees Significant Increase in Short Interest

JPMorgan Diversified Return Emerging Markets Equity ETF (NYSEARCA:JPEM) saw a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 3,274 shares, an increase of 119.7% from the September 30th total of 1,490 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 11,565 shares, the days-to-cover ratio is presently 0.3 days.

JPMorgan Diversified Return Emerging Markets Equity ETF Stock Performance

Shares of JPMorgan Diversified Return Emerging Markets Equity ETF stock traded down $0.52 during trading on Friday, reaching $61.11. The company’s stock had a trading volume of 12,078 shares, compared to its average volume of 21,970. JPMorgan Diversified Return Emerging Markets Equity ETF has a one year low of $59.21 and a one year high of $67.53. The firm has a market cap of $360.55 million, a price-to-earnings ratio of 11.40 and a beta of 0.47. The business’s fifty day moving average price is $64.79 and its 200-day moving average price is $64.42.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Aprio Wealth Management LLC bought a new position in JPMorgan Diversified Return Emerging Markets Equity ETF during the third quarter worth $222,000. SYM FINANCIAL Corp bought a new stake in JPMorgan Diversified Return Emerging Markets Equity ETF in the 3rd quarter valued at $100,000. Sigma Planning Corp bought a new stake in JPMorgan Diversified Return Emerging Markets Equity ETF in the 3rd quarter valued at $665,000. MN Wealth Advisors LLC bought a new stake in JPMorgan Diversified Return Emerging Markets Equity ETF in the 3rd quarter valued at $228,000. Finally, Bond & Devick Financial Network Inc. acquired a new stake in JPMorgan Diversified Return Emerging Markets Equity ETF in the 3rd quarter worth $896,000.

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.