JPMorgan Diversified Return U.S. Mid Cap Equity ETF (NYSEARCA:JPME – Get Free Report) was the recipient of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 5,686 shares, a decline of 59.1% from the August 15th total of 13,906 shares. Based on an average daily volume of 7,688 shares, the short-interest ratio is presently 0.7 days. Approximately 0.2% of the shares of the company are sold short.
JPMorgan Diversified Return U.S. Mid Cap Equity ETF Stock Down 0.1%
Shares of NYSEARCA:JPME traded down $0.09 on Tuesday, reaching $124.15. 5,847 shares of the company’s stock were exchanged, compared to its average volume of 11,889. The firm has a market capitalization of $459.36 million, a price-to-earnings ratio of 17.00 and a beta of 0.88. 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 business’s 50-day moving average is $126.33 and its two-hundred day moving average is $122.00.
Institutional Investors Weigh In On JPMorgan Diversified Return U.S. Mid Cap Equity ETF
Several institutional investors and hedge funds have recently bought and sold shares of JPME. HighTower Advisors LLC lifted its holdings in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 8.0% in the 4th quarter. HighTower Advisors LLC now owns 338,574 shares of the company’s stock worth $36,789,000 after purchasing an additional 24,973 shares during the last quarter. Modern Wealth Management LLC bought a new position in JPMorgan Diversified Return U.S. Mid Cap Equity ETF during the 1st quarter worth $2,523,000. Vantus Wealth LLC bought a new position in JPMorgan Diversified Return U.S. Mid Cap Equity ETF during the 4th quarter worth $1,704,000. Bluedoor Private Wealth LLC acquired a new stake in JPMorgan Diversified Return U.S. Mid Cap Equity ETF in the fourth quarter worth $686,000. Finally, Empirical Asset Management LLC increased its position in JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 63.9% in the fourth quarter. Empirical Asset Management LLC now owns 16,177 shares of the company’s stock worth $1,758,000 after buying an additional 6,306 shares during the period.
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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