JPMorgan Diversified Return U.S. Small Cap Equity ETF (NYSEARCA:JPSE – Get Free Report) was the target of a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 11,546 shares, a drop of 39.8% from the August 15th total of 19,181 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 14,193 shares, the days-to-cover ratio is presently 0.8 days.
JPMorgan Diversified Return U.S. Small Cap Equity ETF Trading Up 0.1%
Shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF stock traded up $0.06 on Thursday, hitting $58.02. 12,685 shares of the company traded hands, compared to its average volume of 25,698. The company has a market cap of $579.04 million, a PE ratio of 15.86 and a beta of 0.98. The stock’s 50 day moving average price is $59.67 and its 200-day moving average price is $57.52. JPMorgan Diversified Return U.S. Small Cap Equity ETF has a 52 week low of $47.44 and a 52 week high of $61.27.
Institutional Investors Weigh In On JPMorgan Diversified Return U.S. Small Cap Equity ETF
A number of institutional investors and hedge funds have recently bought and sold shares of the company. Bank of America Corp DE grew its position in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF by 4.4% during the 1st quarter. Bank of America Corp DE now owns 610,879 shares of the company’s stock worth $32,028,000 after buying an additional 25,608 shares in the last quarter. Vantus Wealth LLC purchased a new stake in JPMorgan Diversified Return U.S. Small Cap Equity ETF in the fourth quarter worth about $1,349,000. Cary Street Partners Financial LLC bought a new position in JPMorgan Diversified Return U.S. Small Cap Equity ETF during the 4th quarter worth about $519,000. McLaughlin Asset Management Inc. bought a new position in JPMorgan Diversified Return U.S. Small Cap Equity ETF during the 4th quarter worth about $610,000. Finally, Modern Wealth Management LLC purchased a new position in JPMorgan Diversified Return U.S. Small Cap Equity ETF during the 1st quarter valued at about $1,093,000.
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.
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