JPMorgan Diversified Return U.S. Mid Cap Equity ETF (NYSEARCA:JPME) Short Interest Down 57.0% in May

JPMorgan Diversified Return U.S. Mid Cap Equity ETF (NYSEARCA:JPME) saw a significant drop in short interest in May. As of May 15th, there was short interest totaling 4,157 shares, a drop of 57.0% from the April 30th total of 9,665 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 15,441 shares, the short-interest ratio is currently 0.3 days.

JPMorgan Diversified Return U.S. Mid Cap Equity ETF Price Performance

Shares of NYSEARCA:JPME traded down $0.27 during trading on Friday, reaching $122.01. The stock had a trading volume of 11,352 shares, compared to its average volume of 13,060. The stock has a market capitalization of $439.24 million, a PE ratio of 17.00 and a beta of 0.89. JPMorgan Diversified Return U.S. Mid Cap Equity ETF has a 52 week low of $100.46 and a 52 week high of $122.96. The business’s 50-day moving average price is $118.68 and its 200 day moving average price is $114.72.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Royal Bank of Canada increased its stake in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 2.0% in the first quarter. Royal Bank of Canada now owns 54,599 shares of the company’s stock valued at $6,253,000 after buying an additional 1,081 shares in the last quarter. Gateway Wealth Partners LLC acquired a new position in JPMorgan Diversified Return U.S. Mid Cap Equity ETF during the 1st quarter worth about $226,000. Modern Wealth Management LLC bought a new stake in JPMorgan Diversified Return U.S. Mid Cap Equity ETF during the 1st quarter worth about $2,523,000. Cetera Investment Advisers grew its holdings in JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 21.6% during the 1st quarter. Cetera Investment Advisers now owns 7,493 shares of the company’s stock worth $858,000 after acquiring an additional 1,330 shares during the last quarter. Finally, Luts & Greenleigh Group Inc. increased its position in JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 5.4% in the 1st quarter. Luts & Greenleigh Group Inc. now owns 2,593 shares of the company’s stock valued at $297,000 after acquiring an additional 134 shares in the last quarter.

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.