JPMorgan Diversified Return U.S. Small Cap Equity ETF (NYSEARCA:JPSE) Short Interest Update

JPMorgan Diversified Return U.S. Small Cap Equity ETF (NYSEARCA:JPSE) saw a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 50,901 shares, a growth of 333.0% from the June 15th total of 11,756 shares. Approximately 0.5% of the company’s shares are sold short. Based on an average daily volume of 38,659 shares, the days-to-cover ratio is currently 1.3 days.

JPMorgan Diversified Return U.S. Small Cap Equity ETF Stock Performance

Shares of NYSEARCA JPSE traded up $0.09 during midday trading on Friday, reaching $59.56. 11,985 shares of the stock were exchanged, compared to its average volume of 29,393. The company has a 50 day simple moving average of $58.46 and a 200 day simple moving average of $55.28. The stock has a market capitalization of $594.41 million, a P/E ratio of 15.86 and a beta of 0.98. JPMorgan Diversified Return U.S. Small Cap Equity ETF has a twelve month low of $44.85 and a twelve month high of $60.59.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in JPSE. Lodestone Wealth Management LLC purchased a new position in JPMorgan Diversified Return U.S. Small Cap Equity ETF during the 4th quarter valued at about $33,000. Private Wealth Management Group LLC purchased a new stake in JPMorgan Diversified Return U.S. Small Cap Equity ETF during the fourth quarter worth about $63,000. Horizon Investments LLC increased its stake in JPMorgan Diversified Return U.S. Small Cap Equity ETF by 165.4% during the fourth quarter. Horizon Investments LLC now owns 1,290 shares of the company’s stock worth $65,000 after purchasing an additional 804 shares during the period. Caldwell Trust Co acquired a new stake in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF during the fourth quarter worth about $65,000. Finally, N.E.W. Advisory Services LLC lifted its position in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF by 714.9% during the fourth quarter. N.E.W. Advisory Services LLC now owns 2,852 shares of the company’s stock worth $143,000 after purchasing an additional 2,502 shares in the last quarter.

JPMorgan Diversified Return U.S. Small Cap Equity ETF Company Profile

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.