JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) Stock Short Interest Falls 56.2%

JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) was the target of a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 29,391 shares, a decline of 56.2% from the September 15th total of 67,117 shares. Based on an average trading volume of 125,335 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are sold short.

JPMorgan U.S. Momentum Factor ETF Price Performance

JMOM traded down $1.78 during trading on Wednesday, hitting $82.08. The company had a trading volume of 107,065 shares, compared to its average volume of 120,121. The company has a market cap of $2.73 billion, a PE ratio of 27.64 and a beta of 1.06. The business has a 50-day moving average of $83.47 and a 200-day moving average of $80.71. JPMorgan U.S. Momentum Factor ETF has a 1-year low of $64.82 and a 1-year high of $86.07.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Fifth Third Bancorp grew its stake in JPMorgan U.S. Momentum Factor ETF by 139.8% during the 1st quarter. Fifth Third Bancorp now owns 1,930 shares of the company’s stock worth $131,000 after buying an additional 1,125 shares during the last quarter. Acropolis Investment Management LLC acquired a new stake in JPMorgan U.S. Momentum Factor ETF in the third quarter worth $163,000. Florida Financial Advisors LLC acquired a new stake in JPMorgan U.S. Momentum Factor ETF in the first quarter worth $209,000. First Heartland Consultants Inc. acquired a new stake in JPMorgan U.S. Momentum Factor ETF in the third quarter worth $213,000. Finally, RHS Financial LLC bought a new stake in JPMorgan U.S. Momentum Factor ETF in the third quarter valued at $299,000.

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.