JPMorgan Diversified Return U.S. Mid Cap Equity ETF (NYSEARCA:JPME) Shares Shorted: Short Interest Down 55.8% in September

JPMorgan Diversified Return U.S. Mid Cap Equity ETF (NYSEARCA:JPME) was the target of a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 2,664 shares, a decrease of 55.8% from the September 15th total of 6,033 shares. Based on an average daily volume of 21,941 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. KWB Wealth increased its holdings in JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 4.1% in the second quarter. KWB Wealth now owns 20,296 shares of the company’s stock valued at $2,521,000 after buying an additional 792 shares in the last quarter. Curry Webb Wealth Management LLC purchased a new stake in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF during the 1st quarter worth approximately $241,000. Royal Bank of Canada boosted its stake in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 2.0% during the 1st quarter. Royal Bank of Canada now owns 54,599 shares of the company’s stock worth $6,253,000 after acquiring an additional 1,081 shares in the last quarter. Gateway Wealth Partners LLC purchased a new stake in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF during the 1st quarter worth approximately $226,000. Finally, Modern Wealth Management LLC purchased a new stake in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF during the 1st quarter worth approximately $2,523,000.

JPMorgan Diversified Return U.S. Mid Cap Equity ETF Trading Down 0.5%

Shares of JPME traded down $0.59 during trading hours on Wednesday, reaching $121.15. The company had a trading volume of 20,696 shares, compared to its average volume of 12,401. The firm has a 50 day simple moving average of $124.56 and a 200-day simple moving average of $122.88. The company has a market capitalization of $472.49 million, a price-to-earnings ratio of 17.00 and a beta of 0.88. JPMorgan Diversified Return U.S. Mid Cap Equity ETF has a 12-month low of $104.47 and a 12-month high of $129.90.

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.