JPMorgan Diversified Return U.S. Mid Cap Equity ETF (NYSEARCA:JPME – Get Free Report) saw a significant drop in short interest in August. As of August 31st, there was short interest totaling 5,686 shares, a drop of 59.1% from the August 15th total of 13,906 shares. Based on an average daily volume of 7,688 shares, the short-interest ratio is currently 0.7 days. Currently, 0.2% of the company’s stock are sold short.
Hedge Funds Weigh In On JPMorgan Diversified Return U.S. Mid Cap Equity ETF
A number of hedge funds and other institutional investors have recently modified their holdings of JPME. HighTower Advisors LLC increased its position in JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 8.0% in the fourth quarter. HighTower Advisors LLC now owns 338,574 shares of the company’s stock worth $36,789,000 after buying an additional 24,973 shares during the last quarter. Modern Wealth Management LLC purchased a new position in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF during the 1st quarter valued at $2,523,000. LPL Financial LLC lifted its position in shares of 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 valued at $26,598,000 after buying an additional 17,682 shares during the last quarter. Vantus Wealth LLC bought a new position in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF during the 4th quarter worth $1,704,000. Finally, Advyzon Investment Management LLC grew its stake in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 627.6% during the 4th quarter. Advyzon Investment Management LLC now owns 15,375 shares of the company’s stock worth $1,671,000 after acquiring an additional 13,262 shares during the period.
JPMorgan Diversified Return U.S. Mid Cap Equity ETF Stock Performance
JPMorgan Diversified Return U.S. Mid Cap Equity ETF stock opened at $124.89 on Friday. JPMorgan Diversified Return U.S. Mid Cap Equity ETF has a fifty-two week low of $104.47 and a fifty-two week high of $129.90. The firm’s 50-day simple moving average is $126.34 and its 200 day simple moving average is $121.94. The stock has a market cap of $462.09 million, a PE 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.
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