JPMorgan Diversified Return U.S. Mid Cap Equity ETF (NYSEARCA:JPME – Get Free Report) was the recipient of a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 1,399 shares, a decrease of 66.3% from the May 14th total of 4,157 shares. Based on an average daily volume of 11,293 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.
Hedge Funds Weigh In On JPMorgan Diversified Return U.S. Mid Cap Equity ETF
Several institutional investors have recently made changes to their positions in the stock. Curry Webb Wealth Management LLC acquired a new position in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF during the first quarter valued at about $241,000. Royal Bank of Canada raised its holdings in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 2.0% during the first quarter. Royal Bank of Canada now owns 54,599 shares of the company’s stock valued at $6,253,000 after purchasing an additional 1,081 shares during the period. Gateway Wealth Partners LLC acquired a new position in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF during the first quarter valued at about $226,000. Modern Wealth Management LLC acquired a new position in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF during the first quarter valued at about $2,523,000. Finally, Cetera Investment Advisers raised its holdings in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 21.6% during the first quarter. Cetera Investment Advisers now owns 7,493 shares of the company’s stock valued at $858,000 after purchasing an additional 1,330 shares during the period.
JPMorgan Diversified Return U.S. Mid Cap Equity ETF Stock Performance
Shares of NYSEARCA JPME traded up $1.13 during trading on Friday, hitting $124.83. 3,570 shares of the company traded hands, compared to its average volume of 12,840. The business’s fifty day moving average is $120.50 and its 200 day moving average is $115.80. JPMorgan Diversified Return U.S. Mid Cap Equity ETF has a fifty-two week low of $101.81 and a fifty-two week high of $124.93. The firm has a market capitalization of $449.39 million, a price-to-earnings ratio of 17.00 and a beta of 0.88.
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.
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