Short Interest in JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE) Expands By 275.0%

JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 104,986 shares, an increase of 275.0% from the November 30th total of 27,993 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average daily volume of 114,512 shares, the days-to-cover ratio is presently 0.9 days. Based on an average daily volume of 114,512 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.3% of the shares of the company are short sold.

JPMorgan Small & Mid Cap Enhanced Equity ETF Trading Down 0.1%

JPMorgan Small & Mid Cap Enhanced Equity ETF stock traded down $0.04 during midday trading on Friday, reaching $65.79. 75,297 shares of the stock traded hands, compared to its average volume of 151,594. The firm has a fifty day moving average price of $64.21 and a two-hundred day moving average price of $62.38. JPMorgan Small & Mid Cap Enhanced Equity ETF has a fifty-two week low of $48.18 and a fifty-two week high of $67.18. The firm has a market cap of $2.13 billion, a price-to-earnings ratio of 17.83 and a beta of 1.09.

Hedge Funds Weigh In On JPMorgan Small & Mid Cap Enhanced Equity ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Main Street Group LTD acquired a new stake in JPMorgan Small & Mid Cap Enhanced Equity ETF in the 3rd quarter valued at approximately $30,000. Banco de Sabadell S.A acquired a new position in JPMorgan Small & Mid Cap Enhanced Equity ETF during the 2nd quarter worth $31,000. Ameritas Advisory Services LLC bought a new position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF in the second quarter worth $54,000. Tripletail Wealth Management LLC acquired a new position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF during the third quarter valued at $59,000. Finally, Steward Partners Investment Advisory LLC increased its holdings in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 80.1% during the second quarter. Steward Partners Investment Advisory LLC now owns 1,421 shares of the company’s stock valued at $84,000 after purchasing an additional 632 shares during the period.

JPMorgan Small & Mid Cap Enhanced Equity ETF Company Profile

The JPMorgan Market Expansion Enhanced Equity ETF (JMEE) is an exchange-traded fund that is based on the S&P 1000 index. The fund is an actively managed portfolio of small- and mid-cap US stocks and REITs. The fund uses a proprietary selection and weighting criteria, aiming to modestly outperform the total return of the S&P 1000 Index. JMEE was launched on May 6, 2022 and is managed by JPMorgan Chase.