JPMorgan Diversified Return U.S. Mid Cap Equity ETF (NYSEARCA:JPME) Short Interest Up 108.8% in July

JPMorgan Diversified Return U.S. Mid Cap Equity ETF (NYSEARCA:JPME) saw a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 9,305 shares, a growth of 108.8% from the June 30th total of 4,456 shares. Based on an average trading volume of 21,883 shares, the short-interest ratio is presently 0.4 days. Approximately 0.3% of the shares of the stock are short sold.

Hedge Funds Weigh In On JPMorgan Diversified Return U.S. Mid Cap Equity ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. HighTower Advisors LLC raised its holdings in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 8.0% during the 4th quarter. HighTower Advisors LLC now owns 338,574 shares of the company’s stock valued at $36,789,000 after buying an additional 24,973 shares in the last quarter. LPL Financial LLC boosted its position in JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 7.8% during the fourth quarter. LPL Financial LLC now owns 244,782 shares of the company’s stock valued at $26,598,000 after buying an additional 17,682 shares during the period. Appleton Partners Inc. MA boosted its position in JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 0.9% during the first quarter. Appleton Partners Inc. MA now owns 92,579 shares of the company’s stock valued at $10,603,000 after buying an additional 837 shares during the period. Sanctuary Advisors LLC grew its stake in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 3.5% during the fourth quarter. Sanctuary Advisors LLC now owns 69,363 shares of the company’s stock valued at $7,537,000 after buying an additional 2,349 shares during the last quarter. Finally, Manske Wealth Management grew its stake in shares of JPMorgan Diversified Return U.S. Mid Cap Equity ETF by 1.9% during the fourth quarter. Manske Wealth Management now owns 54,840 shares of the company’s stock valued at $5,959,000 after buying an additional 1,042 shares during the last quarter.

JPMorgan Diversified Return U.S. Mid Cap Equity ETF Stock Down 0.1%

NYSEARCA:JPME traded down $0.10 during midday trading on Thursday, hitting $126.14. The company had a trading volume of 6,250 shares, compared to its average volume of 12,686. The company has a market capitalization of $466.72 million, a PE ratio of 17.00 and a beta of 0.88. JPMorgan Diversified Return U.S. Mid Cap Equity ETF has a 52-week low of $102.91 and a 52-week high of $127.32. The stock’s fifty day moving average price is $123.85 and its 200-day moving average price is $119.39.

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.