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

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

Hedge Funds Weigh In On 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. Fifth Third Bancorp acquired a new position in JPMorgan Diversified Return U.S. Mid Cap Equity ETF during the first quarter valued at approximately $33,000. MAI Capital Management grew its stake in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 48.4% in the third quarter. MAI Capital Management now owns 408 shares of the company’s stock worth $44,000 after acquiring an additional 133 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 355.7% in the fourth quarter. Farther Finance Advisors LLC now owns 793 shares of the company’s stock worth $86,000 after acquiring an additional 619 shares during the last quarter. Gateway Wealth Partners LLC acquired a new stake in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF in the first quarter worth $226,000. Finally, Cary Street Partners Financial LLC acquired a new stake in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF in the third quarter worth $220,000.

JPMorgan Diversified Return U.S. Mid Cap Equity ETF Price Performance

JPME stock remained flat at $121.51 during midday trading on Tuesday. The company’s stock had a trading volume of 11,023 shares, compared to its average volume of 13,040. JPMorgan Diversified Return U.S. Mid Cap Equity ETF has a one year low of $100.46 and a one year high of $122.96. The firm’s fifty day simple moving average is $118.83 and its 200 day simple moving average is $114.82. The company has a market cap of $437.44 million, a PE ratio of 17.00 and a beta of 0.89.

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.