JPMorgan Diversified Return U.S. Mid Cap Equity ETF (NYSEARCA:JPME) Short Interest Up 79.8% in August

JPMorgan Diversified Return U.S. Mid Cap Equity ETF (NYSEARCA:JPME) was the target of a significant increase in short interest in 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 daily volume of 9,346 shares, the days-to-cover ratio is presently 1.5 days. Approximately 0.4% of the company’s stock are sold short.

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

Several institutional investors have recently modified their holdings of the business. Traub Capital Management LLC grew its position in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 2.9% during the first quarter. Traub Capital Management LLC now owns 4,270 shares of the company’s stock worth $489,000 after acquiring an additional 120 shares during the last quarter. Luts & Greenleigh Group Inc. increased its holdings in shares of 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 during the period. Kestra Private Wealth Services LLC raised its position in JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 5.3% in the 1st quarter. Kestra Private Wealth Services LLC now owns 3,407 shares of the company’s stock valued at $390,000 after purchasing an additional 173 shares during the last quarter. StoneX Group Inc. raised its position in JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 8.0% in the 4th quarter. StoneX Group Inc. now owns 2,638 shares of the company’s stock valued at $287,000 after purchasing an additional 195 shares during the last quarter. Finally, Private Advisor Group LLC boosted its stake in JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 1.1% during the 1st quarter. Private Advisor Group LLC now owns 19,227 shares of the company’s stock worth $2,202,000 after purchasing an additional 212 shares during the period.

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

Shares of JPME stock traded down $0.67 during trading on Friday, reaching $126.83. The company’s stock had a trading volume of 7,894 shares, compared to its average volume of 12,159. JPMorgan Diversified Return U.S. Mid Cap Equity ETF has a 1-year low of $104.47 and a 1-year high of $129.90. The stock’s 50-day moving average price is $125.98 and its 200 day moving average price is $121.43. The company has a market capitalization of $469.27 million, a price-to-earnings ratio of 17.00 and a beta of 0.88.

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.