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

JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) was the recipient of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 98,094 shares, a growth of 145.4% from the July 30th total of 39,970 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 128,392 shares, the days-to-cover ratio is presently 0.8 days.

JPMorgan U.S. Momentum Factor ETF Price Performance

Shares of JPMorgan U.S. Momentum Factor ETF stock opened at $82.59 on Friday. JPMorgan U.S. Momentum Factor ETF has a 1 year low of $64.61 and a 1 year high of $85.91. The firm has a market cap of $2.56 billion, a price-to-earnings ratio of 27.64 and a beta of 1.06. The company has a 50-day moving average of $83.02 and a 200 day moving average of $77.57.

Hedge Funds Weigh In On JPMorgan U.S. Momentum Factor ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Federation des caisses Desjardins du Quebec bought a new stake in shares of JPMorgan U.S. Momentum Factor ETF in the 4th quarter worth approximately $39,000. Smartleaf Asset Management LLC raised its stake in JPMorgan U.S. Momentum Factor ETF by 334.8% during the second quarter. Smartleaf Asset Management LLC now owns 687 shares of the company’s stock valued at $44,000 after buying an additional 529 shares during the last quarter. Kestra Advisory Services LLC purchased a new position in JPMorgan U.S. Momentum Factor ETF during the fourth quarter valued at $53,000. National Bank of Canada FI purchased a new position in JPMorgan U.S. Momentum Factor ETF during the third quarter valued at $98,000. Finally, Fifth Third Bancorp boosted its holdings in JPMorgan U.S. Momentum Factor ETF by 139.8% in the first quarter. Fifth Third Bancorp now owns 1,930 shares of the company’s stock worth $131,000 after acquiring an additional 1,125 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.