Short Interest in JPMorgan Diversified Return U.S. Small Cap Equity ETF (NYSEARCA:JPSE) Decreases By 36.3%

JPMorgan Diversified Return U.S. Small Cap Equity ETF (NYSEARCA:JPSE) was the recipient of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 12,998 shares, a decline of 36.3% from the July 15th total of 20,401 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 17,578 shares, the days-to-cover ratio is presently 0.7 days.

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

Several institutional investors and hedge funds have recently bought and sold shares of JPSE. Capital Developers LLC acquired a new stake in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF during the 4th quarter worth approximately $698,000. Bank of America Corp DE raised its position in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF by 4.4% during the 1st quarter. Bank of America Corp DE now owns 610,879 shares of the company’s stock valued at $32,028,000 after buying an additional 25,608 shares during the period. Aprio Wealth Management LLC acquired a new position in JPMorgan Diversified Return U.S. Small Cap Equity ETF in the fourth quarter valued at approximately $15,540,000. Cary Street Partners Financial LLC acquired a new position in JPMorgan Diversified Return U.S. Small Cap Equity ETF in the fourth quarter valued at approximately $519,000. Finally, Vantus Wealth LLC purchased a new position in JPMorgan Diversified Return U.S. Small Cap Equity ETF in the fourth quarter worth approximately $1,349,000.

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

Shares of JPSE traded down $0.71 during mid-day trading on Tuesday, reaching $60.28. The stock had a trading volume of 9,154 shares, compared to its average volume of 27,106. JPMorgan Diversified Return U.S. Small Cap Equity ETF has a 52-week low of $47.44 and a 52-week high of $61.27. The business’s fifty day moving average is $59.73 and its 200 day moving average is $56.77. The firm has a market cap of $601.59 million, a price-to-earnings ratio of 15.86 and a beta of 0.99.

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.