JPMorgan Diversified Return U.S. Mid Cap Equity ETF (NYSEARCA:JPME) Short Interest Up 624.7% in April

JPMorgan Diversified Return U.S. Mid Cap Equity ETF (NYSEARCA:JPME) was the target of a large increase in short interest in April. As of April 15th, there was short interest totaling 6,450 shares, an increase of 624.7% from the March 31st total of 890 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 20,688 shares, the short-interest ratio is currently 0.3 days.

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

JPME traded down $0.22 during midday trading on Friday, hitting $120.62. The company had a trading volume of 4,030 shares, compared to its average volume of 12,838. JPMorgan Diversified Return U.S. Mid Cap Equity ETF has a twelve month low of $96.58 and a twelve month high of $121.69. The firm’s 50-day simple moving average is $116.97 and its 200-day simple moving average is $112.47. The company has a market capitalization of $428.20 million, a PE ratio of 17.00 and a beta of 0.92.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. MAI Capital Management increased its stake in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 48.4% in the 3rd quarter. MAI Capital Management now owns 408 shares of the company’s stock valued at $44,000 after buying an additional 133 shares during the period. Farther Finance Advisors LLC raised its holdings in JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 355.7% during the 4th quarter. Farther Finance Advisors LLC now owns 793 shares of the company’s stock worth $86,000 after purchasing an additional 619 shares during the last quarter. Private Trust Co. NA lifted its position in JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 119.4% during the 3rd quarter. Private Trust Co. NA now owns 1,165 shares of the company’s stock valued at $126,000 after purchasing an additional 634 shares during the period. Cary Street Partners Financial LLC acquired a new position in JPMorgan Diversified Return U.S. Mid Cap Equity ETF during the 3rd quarter valued at about $220,000. Finally, Luts & Greenleigh Group Inc. bought a new position in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF in the 3rd quarter valued at about $222,000.

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.