JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) Short Interest Update

JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totaling 105,553 shares, an increase of 56.5% from the December 31st total of 67,444 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average trading volume of 95,667 shares, the short-interest ratio is presently 1.1 days. Based on an average trading volume of 95,667 shares, the short-interest ratio is presently 1.1 days. Approximately 0.4% of the company’s shares are short sold.

JPMorgan U.S. Momentum Factor ETF Stock Performance

Shares of NYSEARCA:JMOM traded down $0.82 during mid-day trading on Friday, hitting $70.07. The stock had a trading volume of 63,989 shares, compared to its average volume of 151,709. The company’s 50 day moving average is $69.24 and its 200-day moving average is $67.55. JPMorgan U.S. Momentum Factor ETF has a 12-month low of $48.68 and a 12-month high of $71.23. The company has a market cap of $1.91 billion, a PE ratio of 27.64 and a beta of 1.04.

Institutional Trading of JPMorgan U.S. Momentum Factor ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Brookwood Investment Group LLC raised its position in JPMorgan U.S. Momentum Factor ETF by 2.8% during the third quarter. Brookwood Investment Group LLC now owns 7,958 shares of the company’s stock valued at $540,000 after buying an additional 213 shares during the period. Mayflower Financial Advisors LLC grew its stake in JPMorgan U.S. Momentum Factor ETF by 2.7% during the 4th quarter. Mayflower Financial Advisors LLC now owns 8,668 shares of the company’s stock valued at $591,000 after acquiring an additional 229 shares in the last quarter. Advisory Services Network LLC increased its holdings in shares of JPMorgan U.S. Momentum Factor ETF by 1.7% in the 2nd quarter. Advisory Services Network LLC now owns 15,124 shares of the company’s stock valued at $979,000 after purchasing an additional 251 shares during the period. Castleview Partners LLC increased its holdings in shares of JPMorgan U.S. Momentum Factor ETF by 5.7% in the 4th quarter. Castleview Partners LLC now owns 4,785 shares of the company’s stock valued at $326,000 after purchasing an additional 259 shares during the period. Finally, Centaurus Financial Inc. lifted its position in shares of JPMorgan U.S. Momentum Factor ETF by 3.1% in the third quarter. Centaurus Financial Inc. now owns 8,605 shares of the company’s stock worth $584,000 after purchasing an additional 260 shares in the last quarter.

About JPMorgan U.S. Momentum Factor ETF

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.