Short Interest in JPMorgan Diversified Return U.S. Small Cap Equity ETF (NYSEARCA:JPSE) Decreases By 59.9%

JPMorgan Diversified Return U.S. Small Cap Equity ETF (NYSEARCA:JPSE) was the recipient of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 20,401 shares, a drop of 59.9% from the June 30th total of 50,901 shares. Based on an average daily trading volume, of 36,639 shares, the short-interest ratio is presently 0.6 days. Currently, 0.2% of the company’s shares are sold short.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Ameriprise Financial Inc. increased its stake in JPMorgan Diversified Return U.S. Small Cap Equity ETF by 3.9% in the second quarter. Ameriprise Financial Inc. now owns 130,614 shares of the company’s stock valued at $5,945,000 after purchasing an additional 4,853 shares in the last quarter. Bank of America Corp DE boosted its position in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF by 1.4% during the second quarter. Bank of America Corp DE now owns 571,912 shares of the company’s stock worth $26,015,000 after purchasing an additional 7,723 shares in the last quarter. MML Investors Services LLC boosted its position in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF by 10.7% during the second quarter. MML Investors Services LLC now owns 36,179 shares of the company’s stock worth $1,646,000 after purchasing an additional 3,491 shares in the last quarter. Tocqueville Asset Management L.P. grew its holdings in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF by 0.5% in the 3rd quarter. Tocqueville Asset Management L.P. now owns 156,919 shares of the company’s stock valued at $7,816,000 after buying an additional 851 shares during the period. Finally, Compass Capital Management Inc. acquired a new position in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF in the 3rd quarter valued at $606,000.

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

Shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF stock traded up $0.20 during trading on Tuesday, hitting $59.75. 13,945 shares of the company were exchanged, compared to its average volume of 28,717. The firm has a market capitalization of $596.30 million, a P/E ratio of 15.86 and a beta of 0.98. The firm’s fifty day moving average price is $58.97 and its 200 day moving average price is $56.04. JPMorgan Diversified Return U.S. Small Cap Equity ETF has a 1-year low of $44.85 and a 1-year high of $60.59.

JPMorgan Diversified Return U.S. Small Cap Equity ETF Company Profile

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.