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

JPMorgan Diversified Return U.S. Small Cap Equity ETF (NYSEARCA:JPSE) was the recipient of a large increase in short interest in May. As of May 15th, there was short interest totaling 6,699 shares, an increase of 124.3% from the April 30th total of 2,986 shares. Based on an average daily volume of 53,058 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are short sold.

Hedge Funds Weigh In On JPMorgan Diversified Return U.S. Small Cap Equity ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in JPSE. Ameriprise Financial Inc. lifted its position in JPMorgan Diversified Return U.S. Small Cap Equity ETF by 3.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 130,614 shares of the company’s stock valued at $5,945,000 after acquiring an additional 4,853 shares in the last quarter. Bank of America Corp DE lifted its position in JPMorgan Diversified Return U.S. Small Cap Equity ETF by 1.4% in the 2nd quarter. Bank of America Corp DE now owns 571,912 shares of the company’s stock valued at $26,015,000 after acquiring an additional 7,723 shares in the last quarter. MML Investors Services LLC lifted its position in JPMorgan Diversified Return U.S. Small Cap Equity ETF by 10.7% in the 2nd quarter. MML Investors Services LLC now owns 36,179 shares of the company’s stock valued at $1,646,000 after acquiring an additional 3,491 shares in the last quarter. Truist Financial Corp bought a new position in JPMorgan Diversified Return U.S. Small Cap Equity ETF in the 3rd quarter valued at approximately $5,384,000. Finally, Jones Financial Companies Lllp lifted its position in JPMorgan Diversified Return U.S. Small Cap Equity ETF by 11.1% in the 3rd quarter. Jones Financial Companies Lllp now owns 91,231 shares of the company’s stock valued at $4,550,000 after acquiring an additional 9,093 shares in the last quarter.

JPMorgan Diversified Return U.S. Small Cap Equity ETF Stock Performance

Shares of JPSE traded down $0.66 during mid-day trading on Friday, reaching $57.69. The company had a trading volume of 15,483 shares, compared to its average volume of 28,652. The firm has a 50-day moving average price of $55.67 and a 200 day moving average price of $53.41. JPMorgan Diversified Return U.S. Small Cap Equity ETF has a 52 week low of $43.55 and a 52 week high of $58.71. The company has a market capitalization of $585.55 million, a price-to-earnings ratio of 15.86 and a beta of 1.01.

JPMorgan Diversified Return U.S. Small Cap Equity ETF Company Profile

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.