JPMorgan Diversified Return U.S. Mid Cap Equity ETF (NYSEARCA:JPME) Sees Significant Decline in Short Interest

JPMorgan Diversified Return U.S. Mid Cap Equity ETF (NYSEARCA:JPME) saw a significant drop in short interest in the month of February. As of February 27th, there was short interest totaling 4,161 shares, a drop of 74.6% from the February 12th total of 16,404 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 25,723 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 25,723 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are short sold.

JPMorgan Diversified Return U.S. Mid Cap Equity ETF Trading Down 0.1%

Shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF stock traded down $0.14 during trading hours on Wednesday, reaching $114.94. The stock had a trading volume of 6,812 shares, compared to its average volume of 11,361. The stock’s 50 day moving average is $115.10 and its 200 day moving average is $110.62. JPMorgan Diversified Return U.S. Mid Cap Equity ETF has a twelve month low of $87.85 and a twelve month high of $120.06. The firm has a market capitalization of $408.04 million, a PE ratio of 17.00 and a beta of 0.95.

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

A number of hedge funds have recently bought and sold shares of the business. 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. Farther Finance Advisors LLC lifted its position in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 355.7% during the 4th quarter. Farther Finance Advisors LLC now owns 793 shares of the company’s stock valued at $86,000 after buying an additional 619 shares in the last quarter. Private Trust Co. NA grew its stake in JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 119.4% in the 3rd quarter. Private Trust Co. NA now owns 1,165 shares of the company’s stock valued at $126,000 after acquiring an additional 634 shares during the period. Cary Street Partners Financial LLC purchased a new stake in JPMorgan Diversified Return U.S. Mid Cap Equity ETF in the 3rd quarter worth $220,000. Finally, Luts & Greenleigh Group Inc. purchased a new stake in JPMorgan Diversified Return U.S. Mid Cap Equity ETF in the 3rd quarter worth $222,000.

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

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.