JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE) Short Interest Down 53.8% in January

JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE) saw a large decline in short interest in January. As of January 30th, there was short interest totaling 48,895 shares, a decline of 53.8% from the January 15th total of 105,886 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 109,769 shares, the days-to-cover ratio is presently 0.4 days. Based on an average trading volume of 109,769 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.1% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in JMEE. Ashton Thomas Securities LLC increased its holdings in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 79.6% in the 3rd quarter. Ashton Thomas Securities LLC now owns 51,758 shares of the company’s stock valued at $3,283,000 after acquiring an additional 22,935 shares during the last quarter. Atlas Legacy Advisors LLC lifted its stake in JPMorgan Small & Mid Cap Enhanced Equity ETF by 6.8% during the second quarter. Atlas Legacy Advisors LLC now owns 45,021 shares of the company’s stock worth $2,666,000 after purchasing an additional 2,862 shares during the last quarter. Cetera Investment Advisers boosted its holdings in JPMorgan Small & Mid Cap Enhanced Equity ETF by 13.9% in the second quarter. Cetera Investment Advisers now owns 579,860 shares of the company’s stock worth $34,333,000 after purchasing an additional 70,544 shares during the period. Meridian Financial Partners LLC increased its stake in JPMorgan Small & Mid Cap Enhanced Equity ETF by 7.0% during the third quarter. Meridian Financial Partners LLC now owns 304,985 shares of the company’s stock valued at $19,455,000 after purchasing an additional 19,920 shares during the last quarter. Finally, MAI Capital Management increased its stake in JPMorgan Small & Mid Cap Enhanced Equity ETF by 423.4% during the second quarter. MAI Capital Management now owns 4,041 shares of the company’s stock valued at $239,000 after purchasing an additional 3,269 shares during the last quarter.

JPMorgan Small & Mid Cap Enhanced Equity ETF Trading Down 1.4%

JMEE traded down $0.97 during midday trading on Thursday, hitting $69.32. 116,989 shares of the company traded hands, compared to its average volume of 110,334. The company has a market capitalization of $2.32 billion, a price-to-earnings ratio of 17.83 and a beta of 1.09. JPMorgan Small & Mid Cap Enhanced Equity ETF has a 52-week low of $48.18 and a 52-week high of $71.10. The business has a 50 day simple moving average of $66.99 and a two-hundred day simple moving average of $64.27.

About JPMorgan Small & Mid Cap Enhanced Equity ETF

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.