JPMorgan Diversified Return U.S. Mid Cap Equity ETF (NYSEARCA:JPME) Stock Short Interest Jumps 149.9%

JPMorgan Diversified Return U.S. Mid Cap Equity ETF (NYSEARCA:JPME) was the recipient of a large growth in short interest during the month of October. As of October 30th, there was short interest totaling 8,628 shares, a growth of 149.9% from the October 15th total of 3,452 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 14,867 shares, the days-to-cover ratio is currently 0.6 days.

JPMorgan Diversified Return U.S. Mid Cap Equity ETF Stock Up 0.0%

NYSEARCA JPME traded up $0.06 during trading on Friday, hitting $125.61. The company’s stock had a trading volume of 4,535 shares, compared to its average volume of 12,607. 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. The firm has a market cap of $496.18 million, a P/E ratio of 17.42 and a beta of 0.88. The firm has a 50 day moving average price of $123.23 and a 200 day moving average price of $121.64.

Institutional Investors Weigh In On JPMorgan Diversified Return U.S. Mid Cap Equity ETF

Several hedge funds and other institutional investors have recently modified their holdings of JPME. Royal Bank of Canada grew its position 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 last quarter. Modern Wealth Management LLC bought a new stake in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF in the first quarter valued at about $2,523,000. KWB Wealth grew its position in JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 4.1% during the second quarter. KWB Wealth now owns 20,296 shares of the company’s stock worth $2,521,000 after buying an additional 792 shares in the last quarter. Cetera Investment Advisers grew its position in JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 21.6% during the first quarter. Cetera Investment Advisers now owns 7,493 shares of the company’s stock worth $858,000 after buying an additional 1,330 shares in the last quarter. Finally, Janney Montgomery Scott LLC bought a new position in JPMorgan Diversified Return U.S. Mid Cap Equity ETF during the first quarter valued at about $271,000.

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.