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

JPMorgan Diversified Return U.S. Mid Cap Equity ETF (NYSEARCA:JPME) was the target of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 13,906 shares, an increase of 79.8% from the July 30th total of 7,734 shares. Based on an average trading volume of 9,346 shares, the days-to-cover ratio is presently 1.5 days. Currently, 0.4% of the company’s stock are sold short.

Institutional Investors Weigh In On JPMorgan Diversified Return U.S. Mid Cap Equity ETF

Several hedge funds and other institutional investors have recently bought and sold shares of JPME. HighTower Advisors LLC boosted its stake in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 8.0% during the 4th quarter. HighTower Advisors LLC now owns 338,574 shares of the company’s stock valued at $36,789,000 after buying an additional 24,973 shares during the last quarter. Modern Wealth Management LLC acquired a new position in JPMorgan Diversified Return U.S. Mid Cap Equity ETF during the 1st quarter worth $2,523,000. LPL Financial LLC grew its holdings in JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 7.8% during the 4th quarter. LPL Financial LLC now owns 244,782 shares of the company’s stock worth $26,598,000 after acquiring an additional 17,682 shares in the last quarter. Vantus Wealth LLC bought a new stake in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF in the 4th quarter worth about $1,704,000. Finally, Advyzon Investment Management LLC increased its position in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 627.6% in the 4th quarter. Advyzon Investment Management LLC now owns 15,375 shares of the company’s stock worth $1,671,000 after purchasing an additional 13,262 shares during the last quarter.

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

NYSEARCA:JPME opened at $125.94 on Tuesday. JPMorgan Diversified Return U.S. Mid Cap Equity ETF has a one year low of $104.47 and a one year high of $129.90. The business’s 50-day simple moving average is $126.04 and its 200 day simple moving average is $121.48. The stock has a market cap of $465.98 million, a price-to-earnings ratio of 17.00 and a beta of 0.88.

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

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.