JPMorgan Diversified Return U.S. Mid Cap Equity ETF (NYSEARCA:JPME – Get Free Report) was the target of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 13,906 shares, a growth of 79.8% from the July 30th total of 7,734 shares. Based on an average daily trading volume, of 9,346 shares, the short-interest ratio is presently 1.5 days. Approximately 0.4% of the shares of the company are sold short.
JPMorgan Diversified Return U.S. Mid Cap Equity ETF Trading Down 0.5%
Shares of JPME traded down $0.67 during mid-day trading on Friday, hitting $126.83. 7,894 shares of the company’s stock were exchanged, compared to its average volume of 12,159. JPMorgan Diversified Return U.S. Mid Cap Equity ETF has a fifty-two week low of $104.47 and a fifty-two week high of $129.90. The firm has a market capitalization of $469.27 million, a P/E ratio of 17.00 and a beta of 0.88. The business’s 50 day moving average is $125.98 and its two-hundred day moving average is $121.43.
Institutional Trading of JPMorgan Diversified Return U.S. Mid Cap Equity ETF
A number of hedge funds have recently added to or reduced their stakes in the stock. KWB Wealth grew its stake in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 4.1% in the 2nd quarter. KWB Wealth now owns 20,296 shares of the company’s stock valued at $2,521,000 after purchasing an additional 792 shares during the last quarter. Curry Webb Wealth Management LLC purchased a new stake in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF during the first quarter worth approximately $241,000. Royal Bank of Canada raised its stake 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 worth $6,253,000 after purchasing an additional 1,081 shares during the last quarter. Gateway Wealth Partners LLC acquired a new stake in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF during the first quarter worth $226,000. Finally, Modern Wealth Management LLC acquired a new stake in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF during the first quarter worth $2,523,000.
About JPMorgan Diversified Return U.S. Mid Cap Equity ETF
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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