Short Interest in JPMorgan Diversified Return U.S. Small Cap Equity ETF (NYSEARCA:JPSE) Drops By 44.8%

JPMorgan Diversified Return U.S. Small Cap Equity ETF (NYSEARCA:JPSE) was the target of a significant decline in short interest during the month of January. As of January 30th, there was short interest totaling 21,468 shares, a decline of 44.8% from the January 15th total of 38,914 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 23,726 shares, the short-interest ratio is presently 0.9 days. Based on an average daily trading volume, of 23,726 shares, the short-interest ratio is presently 0.9 days. Currently, 0.2% of the company’s shares are sold short.

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

Several hedge funds have recently added to or reduced their stakes in the stock. Mendel Money Management increased its stake in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF by 5.2% in the 2nd quarter. Mendel Money Management now owns 9,961 shares of the company’s stock valued at $453,000 after acquiring an additional 491 shares during the last quarter. LWM Advisory Services LLC increased its stake in JPMorgan Diversified Return U.S. Small Cap Equity ETF by 2.9% in the third quarter. LWM Advisory Services LLC now owns 22,606 shares of the company’s stock valued at $1,126,000 after purchasing an additional 634 shares in the last quarter. KWB Wealth increased its stake in JPMorgan Diversified Return U.S. Small Cap Equity ETF by 2.4% in the fourth quarter. KWB Wealth now owns 27,329 shares of the company’s stock valued at $1,368,000 after purchasing an additional 647 shares in the last quarter. Lodestone Wealth Management LLC acquired a new stake in JPMorgan Diversified Return U.S. Small Cap Equity ETF in the fourth quarter worth $33,000. Finally, Commonwealth Equity Services LLC boosted its position in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF by 1.7% during the fourth quarter. Commonwealth Equity Services LLC now owns 42,718 shares of the company’s stock worth $2,139,000 after purchasing an additional 696 shares in the last quarter.

JPMorgan Diversified Return U.S. Small Cap Equity ETF Stock Up 1.4%

JPSE stock traded up $0.74 during midday trading on Friday, reaching $54.89. The company’s stock had a trading volume of 42,273 shares, compared to its average volume of 22,842. The business’s 50-day simple moving average is $52.53 and its 200-day simple moving average is $50.37. JPMorgan Diversified Return U.S. Small Cap Equity ETF has a 52 week low of $37.66 and a 52 week high of $55.40. The stock has a market cap of $557.13 million, a PE ratio of 15.86 and a beta of 1.04.

About JPMorgan Diversified Return U.S. Small Cap Equity ETF

The JPMorgan Diversified Return U.S. Small Cap Equity ETF (JPSE) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks a multi-factor index comprised of US small-cap stocks. The index uses a combination of fundamental and technical factors for stock selection, and inverse volatility for weighting. JPSE was launched on Nov 15, 2016 and is managed by JPMorgan Chase.