JPMorgan Diversified Return International Equity ETF (NYSEARCA:JPIN) Shares Shorted: Short Interest Down 67.0% in October

JPMorgan Diversified Return International Equity ETF (NYSEARCA:JPIN) was the target of a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 12,619 shares, a decrease of 67.0% from the September 30th total of 38,199 shares. Based on an average daily volume of 27,239 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.2% of the shares of the stock are sold short.

JPMorgan Diversified Return International Equity ETF Trading Down 0.4%

Shares of JPIN traded down $0.32 during trading hours on Friday, reaching $73.91. The company had a trading volume of 21,028 shares, compared to its average volume of 15,667. JPMorgan Diversified Return International Equity ETF has a 12-month low of $65.86 and a 12-month high of $77.94. The firm has a 50 day simple moving average of $75.14 and a 200-day simple moving average of $73.92. The company has a market capitalization of $384.33 million, a price-to-earnings ratio of 12.60 and a beta of 0.68.

Institutional Investors Weigh In On JPMorgan Diversified Return International Equity ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Worth Financial Advisory Group LLC boosted its stake in shares of JPMorgan Diversified Return International Equity ETF by 2.0% during the 3rd quarter. Worth Financial Advisory Group LLC now owns 7,240 shares of the company’s stock worth $534,000 after purchasing an additional 141 shares during the last quarter. Independent Wealth Network Inc. raised its position in shares of JPMorgan Diversified Return International Equity ETF by 7.4% in the third quarter. Independent Wealth Network Inc. now owns 13,314 shares of the company’s stock valued at $983,000 after buying an additional 917 shares during the last quarter. GK Wealth Management LLC acquired a new position in shares of JPMorgan Diversified Return International Equity ETF in the third quarter valued at approximately $69,000. Integrated Wealth Concepts LLC purchased a new position in shares of JPMorgan Diversified Return International Equity ETF during the second quarter valued at approximately $105,000. Finally, Curry Webb Wealth Management LLC purchased a new position in shares of JPMorgan Diversified Return International Equity ETF during the third quarter valued at approximately $116,000.

About JPMorgan Diversified Return International Equity ETF

The JPMorgan Diversified Return International Equity ETF (JPIN) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of developed ex-North America securities that are selected based on value, momentum, and quality factors, then weighted by the inverse of historical volatility on a sector and regional level. JPIN was launched on Nov 7, 2014 and is managed by JPMorgan Chase.