JPMorgan Diversified Return International Equity ETF (NYSEARCA:JPIN) Sees Large Decline in Short Interest

JPMorgan Diversified Return International Equity ETF (NYSEARCA:JPIN) was the target of a significant decrease in short interest in October. As of October 15th, there was short interest totaling 12,619 shares, a decrease of 67.0% from the September 30th total of 38,199 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 27,239 shares, the days-to-cover ratio is presently 0.5 days.

JPMorgan Diversified Return International Equity ETF Price Performance

JPMorgan Diversified Return International Equity ETF stock traded down $0.32 during mid-day trading on Friday, reaching $73.91. 21,028 shares of the company were exchanged, compared to its average volume of 15,667. The company has a fifty day simple moving average of $75.14 and a 200-day simple moving average of $73.92. JPMorgan Diversified Return International Equity ETF has a 12 month low of $65.86 and a 12 month high of $77.94. The firm has a market cap of $384.33 million, a PE ratio of 12.60 and a beta of 0.68.

Institutional Trading of JPMorgan Diversified Return International Equity ETF

Several large investors have recently modified their holdings of JPIN. GK Wealth Management LLC acquired a new position in JPMorgan Diversified Return International Equity ETF in the third quarter valued at about $69,000. Integrated Wealth Concepts LLC acquired a new stake in JPMorgan Diversified Return International Equity ETF during the second quarter worth about $105,000. Curry Webb Wealth Management LLC bought a new position in JPMorgan Diversified Return International Equity ETF in the 3rd quarter valued at about $116,000. Fifth Third Bancorp bought a new position in JPMorgan Diversified Return International Equity ETF in the 1st quarter valued at about $399,000. Finally, Worth Financial Advisory Group LLC increased its holdings in JPMorgan Diversified Return International Equity ETF by 2.0% in the 3rd quarter. Worth Financial Advisory Group LLC now owns 7,240 shares of the company’s stock valued at $534,000 after buying an additional 141 shares during the period.

About JPMorgan Diversified Return International Equity ETF

The JPMorgan Diversified Return International Equity ETF (JPIN) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of developed ex-North America securities that are selected based on value, momentum, and quality factors, then weighted by the inverse of historical volatility on a sector and regional level. JPIN was launched on Nov 7, 2014 and is managed by JPMorgan Chase.