JPMorgan Diversified Return U.S. Mid Cap Equity ETF (NYSEARCA:JPME) Short Interest Up 42.4% in December

JPMorgan Diversified Return U.S. Mid Cap Equity ETF (NYSEARCA:JPME) was the target of a large increase in short interest in December. As of December 15th, there was short interest totaling 7,632 shares, an increase of 42.4% from the November 30th total of 5,361 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average trading volume of 8,630 shares, the days-to-cover ratio is presently 0.9 days. Based on an average trading volume of 8,630 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.2% of the shares of the stock are short sold.

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

NYSEARCA:JPME traded down $0.35 during midday trading on Monday, reaching $109.67. The stock had a trading volume of 4,790 shares, compared to its average volume of 13,635. The stock has a market capitalization of $378.36 million, a P/E ratio of 17.00 and a beta of 0.95. JPMorgan Diversified Return U.S. Mid Cap Equity ETF has a 1-year low of $87.85 and a 1-year high of $111.23. The firm’s fifty day simple moving average is $108.28 and its 200-day simple moving average is $106.93.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Ameritas Advisory Services LLC acquired a new position in JPMorgan Diversified Return U.S. Mid Cap Equity ETF during the 2nd quarter worth about $31,000. MAI Capital Management lifted its position in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 48.4% during the third quarter. MAI Capital Management now owns 408 shares of the company’s stock worth $44,000 after purchasing an additional 133 shares in the last quarter. Private Trust Co. NA lifted its position in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 119.4% during the third quarter. Private Trust Co. NA now owns 1,165 shares of the company’s stock worth $126,000 after purchasing an additional 634 shares in the last quarter. Cary Street Partners Financial LLC acquired a new position in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF during the third quarter worth approximately $220,000. Finally, Luts & Greenleigh Group Inc. bought a new stake in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF during the third quarter valued at approximately $222,000.

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.