Short Interest in JPMorgan Diversified Return U.S. Mid Cap Equity ETF (NYSEARCA:JPME) Declines By 74.6%

JPMorgan Diversified Return U.S. Mid Cap Equity ETF (NYSEARCA:JPME) was the target of a significant drop in short interest during the month of February. As of February 27th, there was short interest totaling 4,161 shares, a drop of 74.6% from the February 12th total of 16,404 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 25,723 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 25,723 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

JPMorgan Diversified Return U.S. Mid Cap Equity ETF Trading Down 1.1%

Shares of NYSEARCA:JPME traded down $1.24 on Thursday, hitting $113.73. 5,941 shares of the company were exchanged, compared to its average volume of 11,274. The firm has a market capitalization of $403.74 million, a P/E ratio of 17.00 and a beta of 0.95. JPMorgan Diversified Return U.S. Mid Cap Equity ETF has a 1-year low of $87.85 and a 1-year high of $120.06. The stock’s 50 day moving average price is $115.33 and its 200 day moving average price is $110.67.

Institutional Trading of JPMorgan Diversified Return U.S. Mid Cap Equity ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in JPME. McLaughlin Asset Management Inc. acquired a new position in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF in the fourth quarter valued at about $448,000. Cetera Investment Advisers lifted its holdings in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 13.2% during the fourth quarter. Cetera Investment Advisers now owns 6,163 shares of the company’s stock worth $670,000 after purchasing an additional 721 shares during the period. Osaic Holdings Inc. lifted its holdings in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 39.6% during the fourth quarter. Osaic Holdings Inc. now owns 18,374 shares of the company’s stock worth $1,999,000 after purchasing an additional 5,211 shares during the period. Royal Bank of Canada boosted its position in JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 5.3% in the fourth quarter. Royal Bank of Canada now owns 53,518 shares of the company’s stock valued at $5,815,000 after buying an additional 2,689 shares during the last quarter. Finally, Bluedoor Private Wealth LLC purchased a new stake in JPMorgan Diversified Return U.S. Mid Cap Equity ETF in the fourth quarter valued at approximately $686,000.

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

The JPMorgan Diversified Return U.S. Mid Cap Equity ETF (JPME) is an exchange-traded fund that mostly invests in mid cap equity. The fund tracks an index of mid-cap US stocks selected using relative value, momentum and quality factors, and for equal risk contribution by sector. JPME was launched on May 11, 2016 and is managed by JPMorgan Chase.