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

JPMorgan Diversified Return Emerging Markets Equity ETF (NYSEARCA:JPEM) was the target of 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. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 11,565 shares, the short-interest ratio is currently 0.3 days.

JPMorgan Diversified Return Emerging Markets Equity ETF Price Performance

JPEM stock traded down $0.52 on Friday, reaching $61.11. 12,078 shares of the company were exchanged, compared to its average volume of 21,970. JPMorgan Diversified Return Emerging Markets Equity ETF has a 12 month low of $59.21 and a 12 month high of $67.53. The stock’s fifty day moving average price is $64.79 and its 200 day moving average price is $64.42. The firm has a market capitalization of $360.55 million, a PE ratio of 11.40 and a beta of 0.47.

Institutional Investors Weigh In On JPMorgan Diversified Return Emerging Markets Equity ETF

Several hedge funds have recently made changes to their positions in the stock. KWB Wealth acquired a new stake in JPMorgan Diversified Return Emerging Markets Equity ETF during the third quarter worth about $9,090,000. Avantax Planning Partners Inc. increased its stake in JPMorgan Diversified Return Emerging Markets Equity ETF by 0.9% during the first quarter. Avantax Planning Partners Inc. now owns 123,594 shares of the company’s stock valued at $7,678,000 after acquiring an additional 1,049 shares during the period. Tactive Advisors LLC bought a new position in JPMorgan Diversified Return Emerging Markets Equity ETF during the third quarter valued at about $3,360,000. RHS Financial LLC acquired a new position in JPMorgan Diversified Return Emerging Markets Equity ETF in the 3rd quarter valued at approximately $2,206,000. Finally, Focus Financial Network Inc. acquired a new position in JPMorgan Diversified Return Emerging Markets Equity ETF in the 3rd quarter valued at approximately $1,818,000.

About JPMorgan Diversified Return Emerging Markets Equity ETF

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.