JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE) Short Interest Update

JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE) was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 90,381 shares, a growth of 248.2% from the July 15th total of 25,960 shares. Based on an average daily volume of 83,219 shares, the short-interest ratio is currently 1.1 days. Currently, 0.2% of the shares of the company are sold short.

JPMorgan Small & Mid Cap Enhanced Equity ETF Price Performance

JPMorgan Small & Mid Cap Enhanced Equity ETF stock traded up $0.31 during midday trading on Friday, reaching $79.86. 86,380 shares of the company traded hands, compared to its average volume of 136,759. The firm has a market capitalization of $3.00 billion, a price-to-earnings ratio of 17.83 and a beta of 1.02. The business has a 50 day moving average of $76.73 and a two-hundred day moving average of $72.50. JPMorgan Small & Mid Cap Enhanced Equity ETF has a 12 month low of $60.60 and a 12 month high of $79.91.

Institutional Investors Weigh In On JPMorgan Small & Mid Cap Enhanced Equity ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC purchased a new position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF in the 4th quarter worth $26,000. Fifth Third Bancorp bought a new stake in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF in the fourth quarter worth $27,000. Pinnacle Bancorp Inc. purchased a new stake in JPMorgan Small & Mid Cap Enhanced Equity ETF during the first quarter valued at $38,000. Godsey & Gibb Inc. purchased a new stake in JPMorgan Small & Mid Cap Enhanced Equity ETF during the fourth quarter valued at $45,000. Finally, Root Financial Partners LLC bought a new position in JPMorgan Small & Mid Cap Enhanced Equity ETF in the fourth quarter valued at about $75,000.

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.