JPMorgan Diversified Return U.S. Small Cap Equity ETF (NYSEARCA:JPSE) Short Interest Down 59.9% in July

JPMorgan Diversified Return U.S. Small Cap Equity ETF (NYSEARCA:JPSE) was the recipient of a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 20,401 shares, a drop of 59.9% from the June 30th total of 50,901 shares. Based on an average daily volume of 36,639 shares, the short-interest ratio is currently 0.6 days. Approximately 0.2% of the company’s shares are short sold.

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

Several hedge funds have recently bought and sold shares of JPSE. Aprio Wealth Management LLC acquired a new position in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF during the fourth quarter valued at about $15,540,000. Financial Solutions Advisory Group Inc. acquired a new position in JPMorgan Diversified Return U.S. Small Cap Equity ETF in the 1st quarter valued at approximately $7,701,000. LPL Financial LLC lifted its position in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF by 4.5% in the 4th quarter. LPL Financial LLC now owns 900,097 shares of the company’s stock worth $45,071,000 after acquiring an additional 38,838 shares during the period. Vantus Wealth LLC acquired a new stake in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF during the 4th quarter worth approximately $1,349,000. Finally, Advyzon Investment Management LLC acquired a new stake in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF during the 4th quarter worth approximately $1,346,000.

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

Shares of NYSEARCA:JPSE opened at $59.30 on Monday. The company’s fifty day moving average is $58.84 and its two-hundred day moving average is $55.93. JPMorgan Diversified Return U.S. Small Cap Equity ETF has a 12-month low of $44.85 and a 12-month high of $60.59. The company has a market cap of $591.81 million, a P/E ratio of 15.86 and a beta of 0.98.

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.