JPMorgan Diversified Return U.S. Small Cap Equity ETF (NYSEARCA:JPSE) Sees Large Increase in Short Interest

JPMorgan Diversified Return U.S. Small Cap Equity ETF (NYSEARCA:JPSE) was the recipient of a large growth in short interest in June. As of June 30th, there was short interest totaling 50,901 shares, a growth of 333.0% from the June 15th total of 11,756 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 38,659 shares, the days-to-cover ratio is presently 1.3 days.

JPMorgan Diversified Return U.S. Small Cap Equity ETF Trading Up 0.2%

NYSEARCA:JPSE traded up $0.09 during trading hours on Friday, hitting $59.56. 11,985 shares of the stock were exchanged, compared to its average volume of 29,393. JPMorgan Diversified Return U.S. Small Cap Equity ETF has a 52-week low of $44.85 and a 52-week high of $60.59. The firm’s fifty day moving average price is $58.46 and its 200 day moving average price is $55.28. The company has a market cap of $594.41 million, a P/E ratio of 15.86 and a beta of 0.98.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. boosted its stake in JPMorgan Diversified Return U.S. Small Cap Equity ETF by 3.9% during the second quarter. Ameriprise Financial Inc. now owns 130,614 shares of the company’s stock worth $5,945,000 after buying an additional 4,853 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF by 1.4% during the 2nd quarter. Bank of America Corp DE now owns 571,912 shares of the company’s stock worth $26,015,000 after acquiring an additional 7,723 shares during the period. MML Investors Services LLC raised its holdings in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF by 10.7% during the 2nd quarter. MML Investors Services LLC now owns 36,179 shares of the company’s stock worth $1,646,000 after acquiring an additional 3,491 shares during the period. Tocqueville Asset Management L.P. boosted its position in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF by 0.5% during the 3rd quarter. Tocqueville Asset Management L.P. now owns 156,919 shares of the company’s stock valued at $7,816,000 after acquiring an additional 851 shares during the last quarter. Finally, Compass Capital Management Inc. acquired a new position in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF during the 3rd quarter valued at about $606,000.

About JPMorgan Diversified Return U.S. Small Cap Equity ETF

The JPMorgan Diversified Return U.S. Small Cap Equity ETF (JPSE) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks a multi-factor index comprised of US small-cap stocks. The index uses a combination of fundamental and technical factors for stock selection, and inverse volatility for weighting. JPSE was launched on Nov 15, 2016 and is managed by JPMorgan Chase.