JPMorgan Diversified Return U.S. Mid Cap Equity ETF (NYSEARCA:JPME) Short Interest Update

JPMorgan Diversified Return U.S. Mid Cap Equity ETF (NYSEARCA:JPME) was the target of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 4,095 shares, a growth of 192.7% from the May 31st total of 1,399 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 10,434 shares, the short-interest ratio is currently 0.4 days.

JPMorgan Diversified Return U.S. Mid Cap Equity ETF Trading Up 0.1%

NYSEARCA:JPME traded up $0.17 during trading hours on Friday, hitting $124.73. 5,724 shares of the company were exchanged, compared to its average volume of 12,456. The stock has a market capitalization of $449.03 million, a price-to-earnings ratio of 17.00 and a beta of 0.88. JPMorgan Diversified Return U.S. Mid Cap Equity ETF has a one year low of $102.87 and a one year high of $126.00. The company has a fifty day simple moving average of $121.69 and a 200 day simple moving average of $116.81.

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

A number of hedge funds have recently made changes to their positions in JPME. Royal Bank of Canada lifted its stake in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 2.0% in the first quarter. Royal Bank of Canada now owns 45,070 shares of the company’s stock worth $4,533,000 after acquiring an additional 902 shares during the period. Ameriprise Financial Inc. bought a new position in JPMorgan Diversified Return U.S. Mid Cap Equity ETF during the 2nd quarter worth approximately $490,000. MML Investors Services LLC lifted its position in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 10.9% in the 2nd quarter. MML Investors Services LLC now owns 10,355 shares of the company’s stock worth $1,074,000 after purchasing an additional 1,020 shares during the period. Cary Street Partners Financial LLC acquired a new position in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF in the 3rd quarter worth approximately $220,000. Finally, MAI Capital Management boosted 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 purchasing an additional 133 shares during the last quarter.

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.