JPMorgan Diversified Return Emerging Markets Equity ETF (NYSEARCA:JPEM) Sees Large Drop in Short Interest

JPMorgan Diversified Return Emerging Markets Equity ETF (NYSEARCA:JPEM) was the recipient of a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 3,001 shares, a decline of 51.3% from the April 15th total of 6,159 shares. Based on an average daily volume of 15,618 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are short sold.

Hedge Funds Weigh In On JPMorgan Diversified Return Emerging Markets Equity ETF

Several institutional investors and hedge funds have recently modified their holdings of JPEM. Aptus Capital Advisors LLC increased its holdings in shares of JPMorgan Diversified Return Emerging Markets Equity ETF by 475.0% in the fourth quarter. Aptus Capital Advisors LLC now owns 575 shares of the company’s stock valued at $35,000 after purchasing an additional 475 shares during the last quarter. Richards Merrill & Peterson Inc. acquired a new position in shares of JPMorgan Diversified Return Emerging Markets Equity ETF in the first quarter valued at $53,000. CWM LLC acquired a new position in shares of JPMorgan Diversified Return Emerging Markets Equity ETF in the fourth quarter valued at $59,000. Farther Finance Advisors LLC increased its holdings in shares of JPMorgan Diversified Return Emerging Markets Equity ETF by 126.1% in the fourth quarter. Farther Finance Advisors LLC now owns 1,248 shares of the company’s stock valued at $76,000 after purchasing an additional 696 shares during the last quarter. Finally, First Horizon Corp bought a new stake in shares of JPMorgan Diversified Return Emerging Markets Equity ETF in the fourth quarter valued at about $83,000.

JPMorgan Diversified Return Emerging Markets Equity ETF Price Performance

NYSEARCA:JPEM opened at $64.13 on Monday. JPMorgan Diversified Return Emerging Markets Equity ETF has a one year low of $54.39 and a one year high of $67.40. The company has a market cap of $384.78 million, a P/E ratio of 11.40 and a beta of 0.47. The firm’s fifty day moving average price is $63.80 and its two-hundred day moving average price is $62.94.

About JPMorgan Diversified Return Emerging Markets Equity ETF

The JPMorgan Diversified Return Emerging Markets Equity ETF (JPEM) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of emerging market equities, selected by multiple factors. Stocks are weighted by market cap and inversely by risk relative to geographic and sector groupings. JPEM was launched on Jan 7, 2015 and is managed by JPMorgan Chase.