Short Interest in JPMorgan Diversified Return U.S. Small Cap Equity ETF (NYSEARCA:JPSE) Grows By 71.5%

JPMorgan Diversified Return U.S. Small Cap Equity ETF (NYSEARCA:JPSE) was the target of a large growth in short interest in June. As of June 15th, there was short interest totaling 11,756 shares, a growth of 71.5% from the May 31st total of 6,855 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 20,763 shares, the days-to-cover ratio is presently 0.6 days.

Hedge Funds Weigh In On JPMorgan Diversified Return U.S. Small Cap Equity ETF

Several hedge funds have recently bought and sold shares of the company. Lodestone Wealth Management LLC purchased a new stake in JPMorgan Diversified Return U.S. Small Cap Equity ETF in the 4th quarter worth approximately $33,000. Private Wealth Management Group LLC bought a new position in JPMorgan Diversified Return U.S. Small Cap Equity ETF in the 4th quarter valued at $63,000. Caldwell Trust Co purchased a new position in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF during the 4th quarter valued at $65,000. Horizon Investments LLC grew its position in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF by 165.4% during the 4th quarter. Horizon Investments LLC now owns 1,290 shares of the company’s stock valued at $65,000 after purchasing an additional 804 shares in the last quarter. Finally, N.E.W. Advisory Services LLC increased its holdings in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF by 714.9% in the fourth quarter. N.E.W. Advisory Services LLC now owns 2,852 shares of the company’s stock worth $143,000 after purchasing an additional 2,502 shares during the period.

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

Shares of JPSE opened at $59.70 on Friday. JPMorgan Diversified Return U.S. Small Cap Equity ETF has a twelve month low of $44.85 and a twelve month high of $60.59. The stock has a market cap of $592.82 million, a PE ratio of 15.86 and a beta of 0.98. The business’s 50-day moving average price is $58.22 and its 200-day moving average price is $54.99.

JPMorgan Diversified Return U.S. Small Cap Equity ETF Company Profile

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.