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

JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) saw a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 66,839 shares, a growth of 43.3% from the November 30th total of 46,657 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average trading volume of 55,491 shares, the short-interest ratio is presently 1.2 days. Based on an average trading volume of 55,491 shares, the short-interest ratio is presently 1.2 days. Approximately 0.3% of the company’s shares are sold short.

Institutional Trading of JPMorgan U.S. Momentum Factor ETF

Hedge funds have recently modified their holdings of the company. Hazlett Burt & Watson Inc. acquired a new stake in JPMorgan U.S. Momentum Factor ETF in the third quarter worth $44,000. ROSS JOHNSON & Associates LLC bought a new stake in shares of JPMorgan U.S. Momentum Factor ETF in the 1st quarter valued at $38,000. Smartleaf Asset Management LLC raised its stake in JPMorgan U.S. Momentum Factor ETF by 334.8% during the 2nd quarter. Smartleaf Asset Management LLC now owns 687 shares of the company’s stock worth $44,000 after buying an additional 529 shares during the period. Abich Financial Wealth Management LLC bought a new position in JPMorgan U.S. Momentum Factor ETF during the third quarter worth about $51,000. Finally, Fifth Third Bancorp acquired a new position in JPMorgan U.S. Momentum Factor ETF in the third quarter valued at about $55,000.

JPMorgan U.S. Momentum Factor ETF Trading Down 0.4%

Shares of NYSEARCA:JMOM traded down $0.29 during midday trading on Monday, hitting $69.01. The company had a trading volume of 94,263 shares, compared to its average volume of 81,416. JPMorgan U.S. Momentum Factor ETF has a 12 month low of $48.68 and a 12 month high of $69.71. The firm has a fifty day simple moving average of $68.23 and a 200 day simple moving average of $66.38. The stock has a market cap of $1.73 billion, a price-to-earnings ratio of 27.64 and a beta of 1.04.

JPMorgan U.S. Momentum Factor ETF Company Profile

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.