Short Interest in JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE) Declines By 84.8%

JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE) was the target of a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 25,960 shares, a drop of 84.8% from the June 30th total of 170,421 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 136,973 shares, the days-to-cover ratio is presently 0.2 days.

JPMorgan Small & Mid Cap Enhanced Equity ETF Stock Performance

JMEE stock traded up $0.18 during trading on Friday, reaching $76.59. 55,568 shares of the company traded hands, compared to its average volume of 142,303. JPMorgan Small & Mid Cap Enhanced Equity ETF has a 12 month low of $58.33 and a 12 month high of $78.23. The business has a 50 day simple moving average of $75.62 and a 200 day simple moving average of $71.48. The company has a market capitalization of $2.86 billion, a price-to-earnings ratio of 17.83 and a beta of 1.02.

Institutional Trading of JPMorgan Small & Mid Cap Enhanced Equity ETF

Institutional investors have recently modified their holdings of the company. Smartleaf Asset Management LLC acquired a new stake in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF during the fourth quarter worth $26,000. Fifth Third Bancorp acquired a new position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF in the 4th quarter valued at $27,000. Pinnacle Bancorp Inc. acquired a new position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF in the 1st quarter valued at $38,000. Godsey & Gibb Inc. purchased a new position in JPMorgan Small & Mid Cap Enhanced Equity ETF in the 4th quarter worth $45,000. Finally, Root Financial Partners LLC purchased a new position in JPMorgan Small & Mid Cap Enhanced Equity ETF in the 4th quarter worth $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.