Short Interest in JPMorgan Diversified Return U.S. Mid Cap Equity ETF (NYSEARCA:JPME) Declines By 57.0%

JPMorgan Diversified Return U.S. Mid Cap Equity ETF (NYSEARCA:JPME) saw a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 4,157 shares, a decline of 57.0% from the April 30th total of 9,665 shares. Based on an average daily volume of 15,441 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the company’s stock are short sold.

JPMorgan Diversified Return U.S. Mid Cap Equity ETF Stock Down 0.4%

Shares of JPME traded down $0.50 during mid-day trading on Monday, reaching $121.51. The company’s stock had a trading volume of 11,023 shares, compared to its average volume of 13,040. The company has a market cap of $437.44 million, a price-to-earnings ratio of 17.00 and a beta of 0.89. The business has a fifty day moving average of $118.83 and a 200 day moving average of $114.82. JPMorgan Diversified Return U.S. Mid Cap Equity ETF has a 1 year low of $100.46 and a 1 year high of $122.96.

Institutional Investors Weigh In On JPMorgan Diversified Return U.S. Mid Cap Equity ETF

A number of institutional investors have recently bought and sold shares of JPME. Fifth Third Bancorp acquired a new position in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF in the 1st quarter valued at about $33,000. MAI Capital Management grew its position in 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 valued at $44,000 after purchasing an additional 133 shares in the last quarter. Farther Finance Advisors LLC grew its position in JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 355.7% during the fourth quarter. Farther Finance Advisors LLC now owns 793 shares of the company’s stock valued at $86,000 after purchasing an additional 619 shares in the last quarter. Cary Street Partners Financial LLC acquired a new position in JPMorgan Diversified Return U.S. Mid Cap Equity ETF in the 3rd quarter valued at approximately $220,000. Finally, Luts & Greenleigh Group Inc. purchased a new stake in JPMorgan Diversified Return U.S. Mid Cap Equity ETF in the 3rd quarter worth approximately $222,000.

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.