JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) Sees Large Increase in Short Interest

JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) was the recipient of a large increase in short interest in December. As of December 15th, there was short interest totaling 66,839 shares, an increase of 43.3% from the November 30th total of 46,657 shares. Based on an average trading volume of 55,491 shares, the short-interest ratio is currently 1.2 days. Currently, 0.3% of the company’s shares are sold short. Currently, 0.3% of the company’s shares are sold short. Based on an average trading volume of 55,491 shares, the short-interest ratio is currently 1.2 days.

Institutional Investors Weigh In On JPMorgan U.S. Momentum Factor ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. ROSS JOHNSON & Associates LLC bought a new position in shares of JPMorgan U.S. Momentum Factor ETF during the 1st quarter worth about $38,000. Hazlett Burt & Watson Inc. acquired a new position in JPMorgan U.S. Momentum Factor ETF during the 3rd quarter worth approximately $44,000. Smartleaf Asset Management LLC boosted its holdings in JPMorgan U.S. Momentum Factor ETF by 334.8% in the second quarter. Smartleaf Asset Management LLC now owns 687 shares of the company’s stock worth $44,000 after acquiring an additional 529 shares in the last quarter. Abich Financial Wealth Management LLC bought a new position in JPMorgan U.S. Momentum Factor ETF in the third quarter worth approximately $51,000. Finally, Fifth Third Bancorp acquired a new stake in JPMorgan U.S. Momentum Factor ETF in the third quarter valued at approximately $55,000.

JPMorgan U.S. Momentum Factor ETF Trading Down 0.3%

NYSEARCA JMOM traded down $0.24 during trading hours on Tuesday, hitting $68.77. 83,105 shares of the company’s stock were exchanged, compared to its average volume of 81,422. The firm has a market cap of $1.72 billion, a price-to-earnings ratio of 27.64 and a beta of 1.04. The stock has a 50-day simple moving average of $68.26 and a 200 day simple moving average of $66.48. JPMorgan U.S. Momentum Factor ETF has a 1-year low of $48.68 and a 1-year high of $69.71.

JPMorgan U.S. Momentum Factor ETF Company Profile

The JPMorgan U.S. Momentum Factor ETF (JMOM) is an exchange-traded fund that is based on the JP Morgan US Momentum Factor index. The fund tracks an index of US large-cap companies with strong momentum, weighted by optimized market-cap. JMOM was launched on Nov 8, 2017 and is managed by JPMorgan Chase.