JPMorgan Diversified Return U.S. Mid Cap Equity ETF (NYSEARCA:JPME) Stock Short Interest Jumps 149.9%

JPMorgan Diversified Return U.S. Mid Cap Equity ETF (NYSEARCA:JPME) saw a large growth in short interest in October. As of October 30th, there was short interest totaling 8,628 shares, a growth of 149.9% from the October 15th total of 3,452 shares. Based on an average daily volume of 14,867 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.2% of the shares of the company are sold short.

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

Shares of JPME traded up $0.06 on Friday, reaching $125.61. 4,535 shares of the stock traded hands, compared to its average volume of 12,607. The stock’s 50-day moving average price is $123.23 and its 200-day moving average price is $121.64. The firm has a market cap of $496.18 million, a price-to-earnings ratio of 17.42 and a beta of 0.88. JPMorgan Diversified Return U.S. Mid Cap Equity ETF has a 12 month low of $104.47 and a 12 month high of $129.90.

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

A number of institutional investors have recently bought and sold shares of the business. KWB Wealth raised its stake in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 4.1% in the 2nd quarter. KWB Wealth now owns 20,296 shares of the company’s stock valued at $2,521,000 after buying an additional 792 shares in the last quarter. Curry Webb Wealth Management LLC bought a new position in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF during the 1st quarter worth about $241,000. Royal Bank of Canada lifted its holdings in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 2.0% during the 1st quarter. Royal Bank of Canada now owns 54,599 shares of the company’s stock worth $6,253,000 after acquiring an additional 1,081 shares during the period. Gateway Wealth Partners LLC acquired a new stake in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF during the 1st quarter valued at about $226,000. Finally, Modern Wealth Management LLC acquired a new stake in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF during the 1st quarter valued at about $2,523,000.

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.