JPMorgan Diversified Return U.S. Mid Cap Equity ETF (NYSEARCA:JPME – Get Free Report) saw a large drop in short interest in September. As of September 30th, there was short interest totaling 2,664 shares, a drop of 55.8% from the September 15th total of 6,033 shares. Based on an average daily trading volume, of 21,941 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are short sold.
JPMorgan Diversified Return U.S. Mid Cap Equity ETF Trading Up 0.3%
Shares of JPME traded up $0.37 during trading hours on Tuesday, reaching $121.74. 9,809 shares of the stock traded hands, compared to its average volume of 12,359. The company has a market cap of $474.79 million, a P/E ratio of 17.00 and a beta of 0.88. The company’s 50-day moving average price is $124.81 and its two-hundred day moving average price is $122.78. JPMorgan Diversified Return U.S. Mid Cap Equity ETF has a 52-week low of $104.47 and a 52-week high of $129.90.
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. KWB Wealth raised its stake in JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 4.1% during the 2nd quarter. KWB Wealth now owns 20,296 shares of the company’s stock valued at $2,521,000 after purchasing an additional 792 shares during the period. Curry Webb Wealth Management LLC purchased a new position in JPMorgan Diversified Return U.S. Mid Cap Equity ETF in the 1st quarter worth approximately $241,000. Royal Bank of Canada boosted its stake in JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 2.0% in the 1st quarter. Royal Bank of Canada now owns 54,599 shares of the company’s stock worth $6,253,000 after purchasing an additional 1,081 shares during the period. Gateway Wealth Partners LLC bought a new position in JPMorgan Diversified Return U.S. Mid Cap Equity ETF in the 1st quarter worth approximately $226,000. Finally, Modern Wealth Management LLC bought a new position in JPMorgan Diversified Return U.S. Mid Cap Equity ETF in the 1st quarter worth approximately $2,523,000.
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.
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