JPMorgan Diversified Return U.S. Mid Cap Equity ETF (NYSEARCA:JPME) Sees Large Increase in Short Interest
by Renee Jackson · The Cerbat GemJPMorgan Diversified Return U.S. Mid Cap Equity ETF (NYSEARCA:JPME – Get Free Report) saw a significant increase in short interest during the month of April. As of April 15th, there was short interest totaling 6,450 shares, an increase of 624.7% from the March 31st total of 890 shares. Based on an average daily trading volume, of 20,688 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.2% of the company’s stock are short sold.
JPMorgan Diversified Return U.S. Mid Cap Equity ETF Trading Down 0.2%
Shares of JPME stock traded down $0.22 during mid-day trading on Friday, reaching $120.62. The stock had a trading volume of 4,030 shares, compared to its average volume of 12,838. The business’s fifty day moving average is $116.97 and its 200-day moving average is $112.44. The firm has a market cap of $428.20 million, a price-to-earnings ratio of 17.00 and a beta of 0.92. JPMorgan Diversified Return U.S. Mid Cap Equity ETF has a 1-year low of $96.58 and a 1-year high of $121.69.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the company. Traub Capital Management LLC grew its holdings in JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 2.9% in the first quarter. Traub Capital Management LLC now owns 4,270 shares of the company’s stock valued at $489,000 after purchasing an additional 120 shares during the period. MAI Capital Management grew its holdings in JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 48.4% in the third quarter. MAI Capital Management now owns 408 shares of the company’s stock valued at $44,000 after purchasing an additional 133 shares during the period. Kestra Private Wealth Services LLC grew its holdings in JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 5.3% in the first quarter. Kestra Private Wealth Services LLC now owns 3,407 shares of the company’s stock valued at $390,000 after purchasing an additional 173 shares during the period. StoneX Group Inc. grew its holdings in JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 8.0% in the fourth quarter. StoneX Group Inc. now owns 2,638 shares of the company’s stock valued at $287,000 after purchasing an additional 195 shares during the period. Finally, Luts & Greenleigh Group Inc. grew its holdings in JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 20.2% in the fourth quarter. Luts & Greenleigh Group Inc. now owns 2,459 shares of the company’s stock valued at $267,000 after purchasing an additional 413 shares during the period.
About JPMorgan Diversified Return U.S. Mid Cap Equity ETF
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.