JPMorgan Diversified Return U.S. Small Cap Equity ETF (NYSEARCA:JPSE) Sees Large Increase in Short Interest

JPMorgan Diversified Return U.S. Small Cap Equity ETF (NYSEARCA:JPSE) was the target of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 6,699 shares, an increase of 124.3% from the April 30th total of 2,986 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 53,058 shares, the days-to-cover ratio is currently 0.1 days.

JPMorgan Diversified Return U.S. Small Cap Equity ETF Stock Performance

Shares of JPSE stock remained flat at $57.69 during mid-day trading on Monday. 26,766 shares of the company’s stock traded hands, compared to its average volume of 28,633. The stock has a market capitalization of $585.55 million, a PE ratio of 15.86 and a beta of 1.01. The stock’s 50-day moving average price is $55.78 and its two-hundred day moving average price is $53.49. JPMorgan Diversified Return U.S. Small Cap Equity ETF has a 1-year low of $43.55 and a 1-year high of $58.71.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Lodestone Wealth Management LLC purchased a new position in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF in the 4th quarter valued at approximately $33,000. Private Wealth Management Group LLC purchased a new position in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF in the 4th quarter valued at approximately $63,000. Caldwell Trust Co purchased a new position in JPMorgan Diversified Return U.S. Small Cap Equity ETF during the 4th quarter worth approximately $65,000. Horizon Investments LLC raised its position in JPMorgan Diversified Return U.S. Small Cap Equity ETF by 165.4% during the 4th quarter. Horizon Investments LLC now owns 1,290 shares of the company’s stock worth $65,000 after buying an additional 804 shares during the last quarter. Finally, N.E.W. Advisory Services LLC raised its position in JPMorgan Diversified Return U.S. Small Cap Equity ETF by 714.9% during the 4th quarter. N.E.W. Advisory Services LLC now owns 2,852 shares of the company’s stock worth $143,000 after buying an additional 2,502 shares during the last quarter.

About JPMorgan Diversified Return U.S. Small Cap Equity ETF

The JPMorgan Diversified Return U.S. Small Cap Equity ETF (JPSE) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks a multi-factor index comprised of US small-cap stocks. The index uses a combination of fundamental and technical factors for stock selection, and inverse volatility for weighting. JPSE was launched on Nov 15, 2016 and is managed by JPMorgan Chase.