JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE) Sees Large Growth in Short Interest

JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE) was the recipient of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 211,313 shares, an increase of 124.0% from the May 14th total of 94,321 shares. Approximately 0.6% of the company’s shares are sold short. Based on an average daily trading volume, of 122,964 shares, the short-interest ratio is currently 1.7 days.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of JMEE. Smartleaf Asset Management LLC purchased a new position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF in the fourth quarter worth about $26,000. Fifth Third Bancorp purchased a new position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF in the fourth quarter worth about $27,000. Main Street Group LTD purchased a new position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF in the third quarter worth about $30,000. Pinnacle Bancorp Inc. purchased a new position in JPMorgan Small & Mid Cap Enhanced Equity ETF during the 1st quarter valued at about $38,000. Finally, Godsey & Gibb Inc. purchased a new position in JPMorgan Small & Mid Cap Enhanced Equity ETF during the 4th quarter valued at about $45,000.

JPMorgan Small & Mid Cap Enhanced Equity ETF Stock Performance

JMEE opened at $76.46 on Monday. The company has a market cap of $2.78 billion, a P/E ratio of 17.83 and a beta of 1.04. The business’s 50-day moving average price is $72.58 and its 200-day moving average price is $69.13. JPMorgan Small & Mid Cap Enhanced Equity ETF has a 12 month low of $57.14 and a 12 month high of $76.87.

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.