JPMorgan Diversified Return U.S. Mid Cap Equity ETF (NYSEARCA:JPME – Get Free Report) was the recipient of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 5,686 shares, a drop of 59.1% from the August 15th total of 13,906 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 7,688 shares, the days-to-cover ratio is currently 0.7 days.
JPMorgan Diversified Return U.S. Mid Cap Equity ETF Price Performance
NYSEARCA:JPME opened at $124.89 on Friday. JPMorgan Diversified Return U.S. Mid Cap Equity ETF has a one year low of $104.47 and a one year high of $129.90. The company has a market cap of $462.09 million, a PE ratio of 17.00 and a beta of 0.88. The firm has a 50-day moving average of $126.34 and a 200-day moving average of $121.94.
Institutional Trading of JPMorgan Diversified Return U.S. Mid Cap Equity ETF
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. HighTower Advisors LLC lifted its holdings in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 8.0% in the fourth quarter. HighTower Advisors LLC now owns 338,574 shares of the company’s stock valued at $36,789,000 after purchasing an additional 24,973 shares in the last quarter. LPL Financial LLC raised its position in JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 7.8% in the 4th quarter. LPL Financial LLC now owns 244,782 shares of the company’s stock valued at $26,598,000 after buying an additional 17,682 shares during the last quarter. Appleton Partners Inc. MA raised its position in JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 0.9% in the 1st quarter. Appleton Partners Inc. MA now owns 92,579 shares of the company’s stock valued at $10,603,000 after buying an additional 837 shares during the last quarter. Royal Bank of Canada lifted its stake in JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 2.0% during the 1st quarter. Royal Bank of Canada now owns 54,599 shares of the company’s stock valued at $6,253,000 after acquiring an additional 1,081 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 22.0% during the 3rd quarter. Bank of America Corp DE now owns 36,574 shares of the company’s stock valued at $3,966,000 after acquiring an additional 6,597 shares in 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.
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