Short Interest in JPMorgan Diversified Return Emerging Markets Equity ETF (NYSEARCA:JPEM) Drops By 54.8%

JPMorgan Diversified Return Emerging Markets Equity ETF (NYSEARCA:JPEM) was the recipient of a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 3,207 shares, a decline of 54.8% from the May 31st total of 7,096 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 19,446 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in JPEM. Aptus Capital Advisors LLC grew its position in JPMorgan Diversified Return Emerging Markets Equity ETF by 475.0% in the 4th quarter. Aptus Capital Advisors LLC now owns 575 shares of the company’s stock worth $35,000 after purchasing an additional 475 shares in the last quarter. Richards Merrill & Peterson Inc. bought a new position in shares of JPMorgan Diversified Return Emerging Markets Equity ETF during the 1st quarter worth approximately $53,000. CWM LLC bought a new position in shares of JPMorgan Diversified Return Emerging Markets Equity ETF during the 4th quarter worth approximately $59,000. Farther Finance Advisors LLC lifted its position in shares of JPMorgan Diversified Return Emerging Markets Equity ETF by 126.1% during the 4th quarter. Farther Finance Advisors LLC now owns 1,248 shares of the company’s stock worth $76,000 after buying an additional 696 shares in the last quarter. Finally, First Horizon Corp purchased a new position in shares of JPMorgan Diversified Return Emerging Markets Equity ETF in the 4th quarter worth approximately $83,000.

JPMorgan Diversified Return Emerging Markets Equity ETF Price Performance

NYSEARCA JPEM opened at $62.68 on Monday. The company has a fifty day moving average price of $64.74 and a 200-day moving average price of $63.76. The firm has a market cap of $376.08 million, a price-to-earnings ratio of 11.40 and a beta of 0.46. JPMorgan Diversified Return Emerging Markets Equity ETF has a 1 year low of $55.48 and a 1 year high of $67.40.

JPMorgan Diversified Return Emerging Markets Equity ETF Company Profile

The JPMorgan Diversified Return Emerging Markets Equity ETF (JPEM) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of emerging market equities, selected by multiple factors. Stocks are weighted by market cap and inversely by risk relative to geographic and sector groupings. JPEM was launched on Jan 7, 2015 and is managed by JPMorgan Chase.