JPMorgan Diversified Return Emerging Markets Equity ETF (NYSEARCA:JPEM) Short Interest Up 164.0% in January

JPMorgan Diversified Return Emerging Markets Equity ETF (NYSEARCA:JPEM) saw a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 101,047 shares, a growth of 164.0% from the January 15th total of 38,277 shares. Based on an average daily trading volume, of 32,519 shares, the days-to-cover ratio is presently 3.1 days. Currently, 1.6% of the company’s shares are sold short. Currently, 1.6% of the company’s shares are sold short. Based on an average daily trading volume, of 32,519 shares, the days-to-cover ratio is presently 3.1 days.

JPMorgan Diversified Return Emerging Markets Equity ETF Stock Down 0.5%

Shares of JPEM traded down $0.36 during trading on Thursday, reaching $66.10. 7,738 shares of the company traded hands, compared to its average volume of 29,282. The stock has a 50-day simple moving average of $62.56 and a 200-day simple moving average of $60.23. JPMorgan Diversified Return Emerging Markets Equity ETF has a twelve month low of $47.92 and a twelve month high of $66.78. The stock has a market cap of $409.80 million, a PE ratio of 11.40 and a beta of 0.52.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of JPEM. Royal Bank of Canada grew its stake in shares of JPMorgan Diversified Return Emerging Markets Equity ETF by 6.1% in the first quarter. Royal Bank of Canada now owns 25,377 shares of the company’s stock valued at $1,338,000 after buying an additional 1,465 shares in the last quarter. Harbor Asset Planning Inc. purchased a new position in JPMorgan Diversified Return Emerging Markets Equity ETF during the 2nd quarter valued at about $134,000. SAM Advisors LLC increased its stake in JPMorgan Diversified Return Emerging Markets Equity ETF by 2.9% during the second quarter. SAM Advisors LLC now owns 191,113 shares of the company’s stock worth $10,781,000 after purchasing an additional 5,362 shares during the period. Cedar Point Capital Partners LLC increased its stake in JPMorgan Diversified Return Emerging Markets Equity ETF by 7.4% during the second quarter. Cedar Point Capital Partners LLC now owns 28,133 shares of the company’s stock worth $1,587,000 after purchasing an additional 1,932 shares during the period. Finally, First Horizon Advisors Inc. lifted its position in shares of JPMorgan Diversified Return Emerging Markets Equity ETF by 6.1% during the second quarter. First Horizon Advisors Inc. now owns 103,228 shares of the company’s stock worth $5,823,000 after purchasing an additional 5,901 shares in the last quarter.

About JPMorgan Diversified Return Emerging Markets Equity ETF

The JPMorgan Diversified Return Emerging Markets Equity ETF (JPEM) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of emerging market equities, selected by multiple factors. Stocks are weighted by market cap and inversely by risk relative to geographic and sector groupings. JPEM was launched on Jan 7, 2015 and is managed by JPMorgan Chase.