JPMorgan Diversified Return U.S. Small Cap Equity ETF (NYSEARCA:JPSE – Get Free Report) was the recipient of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 50,901 shares, a growth of 333.0% from the June 15th total of 11,756 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average daily volume of 38,659 shares, the short-interest ratio is currently 1.3 days.
JPMorgan Diversified Return U.S. Small Cap Equity ETF Trading Down 0.3%
JPMorgan Diversified Return U.S. Small Cap Equity ETF stock traded down $0.18 during trading on Monday, hitting $59.38. The company had a trading volume of 21,684 shares, compared to its average volume of 29,333. JPMorgan Diversified Return U.S. Small Cap Equity ETF has a 1-year low of $44.85 and a 1-year high of $60.59. The company’s 50 day simple moving average is $58.50 and its 200-day simple moving average is $55.36. The stock has a market cap of $592.61 million, a price-to-earnings ratio of 15.86 and a beta of 0.98.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of the company. Hartford Financial Management Inc. increased its stake in JPMorgan Diversified Return U.S. Small Cap Equity ETF by 3.9% during the fourth quarter. Hartford Financial Management Inc. now owns 333,388 shares of the company’s stock worth $16,694,000 after purchasing an additional 12,394 shares during the period. Capital Developers LLC purchased a new position in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF in the fourth quarter valued at approximately $698,000. Sprinkle Financial Consultants LLC boosted its stake in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF by 12.2% in the fourth quarter. Sprinkle Financial Consultants LLC now owns 149,867 shares of the company’s stock valued at $7,504,000 after purchasing an additional 16,321 shares during the period. Aprio Wealth Management LLC purchased a new position in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF in the fourth quarter valued at approximately $15,540,000. Finally, Cary Street Partners Financial LLC acquired a new position in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF in the fourth quarter valued at approximately $519,000.
About JPMorgan Diversified Return U.S. Small Cap Equity ETF
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.
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