JPMorgan Diversified Return U.S. Mid Cap Equity ETF (NYSEARCA:JPME) Sees Large Drop in Short Interest

JPMorgan Diversified Return U.S. Mid Cap Equity ETF (NYSEARCA:JPME) was the target of a large decrease in short interest in March. As of March 13th, there was short interest totaling 2,297 shares, a decrease of 44.8% from the February 26th total of 4,161 shares. Based on an average daily volume of 6,121 shares, the short-interest ratio is presently 0.4 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Dynamic Advisor Solutions LLC grew its holdings in JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 3.1% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 155,608 shares of the company’s stock worth $16,875,000 after acquiring an additional 4,649 shares during the last quarter. Empirical Asset Management LLC acquired a new position in JPMorgan Diversified Return U.S. Mid Cap Equity ETF in the 3rd quarter valued at approximately $1,070,000. Jones Financial Companies Lllp raised its stake in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 46.5% during the third quarter. Jones Financial Companies Lllp now owns 96,016 shares of the company’s stock valued at $10,371,000 after acquiring an additional 30,474 shares during the last quarter. HighTower Advisors LLC raised its stake in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 6.4% during the third quarter. HighTower Advisors LLC now owns 313,601 shares of the company’s stock valued at $34,009,000 after acquiring an additional 18,997 shares during the last quarter. Finally, MAI Capital Management lifted its holdings in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 48.4% during the third quarter. MAI Capital Management now owns 408 shares of the company’s stock worth $44,000 after purchasing an additional 133 shares during the period.

JPMorgan Diversified Return U.S. Mid Cap Equity ETF Trading Down 0.8%

JPMorgan Diversified Return U.S. Mid Cap Equity ETF stock opened at $113.82 on Friday. The stock has a 50-day moving average price of $115.78 and a two-hundred day moving average price of $111.06. JPMorgan Diversified Return U.S. Mid Cap Equity ETF has a 12 month low of $87.85 and a 12 month high of $120.06. The company has a market capitalization of $404.06 million, a PE ratio of 17.00 and a beta of 0.95.

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

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.