JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) Sees Large Increase in Short Interest

JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOMGet Free Report) saw a large growth in short interest in 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 stock are short sold. Based on an average daily trading volume, of 55,491 shares, the short-interest ratio is currently 1.2 days. Based on an average daily trading volume, of 55,491 shares, the short-interest ratio is currently 1.2 days. Approximately 0.3% of the company’s stock are short sold.

JPMorgan U.S. Momentum Factor ETF Stock Performance

Shares of NYSEARCA JMOM traded down $0.62 during trading hours on Wednesday, hitting $68.15. The stock had a trading volume of 61,805 shares, compared to its average volume of 81,344. The firm’s 50-day moving average price is $68.26 and its two-hundred day moving average price is $66.48. JPMorgan U.S. Momentum Factor ETF has a 52 week low of $48.68 and a 52 week high of $69.71. The company has a market capitalization of $1.71 billion, a P/E ratio of 27.64 and a beta of 1.04.

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

A number of institutional investors have recently made changes to their positions in JMOM. ROSS JOHNSON & Associates LLC bought a new stake in JPMorgan U.S. Momentum Factor ETF in the 1st quarter valued at $38,000. Hazlett Burt & Watson Inc. acquired a new position in shares of JPMorgan U.S. Momentum Factor ETF during the third quarter valued at about $44,000. Smartleaf Asset Management LLC lifted its stake in shares of JPMorgan U.S. Momentum Factor ETF by 334.8% in 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 period. Abich Financial Wealth Management LLC acquired a new stake in JPMorgan U.S. Momentum Factor ETF during the third quarter worth about $51,000. Finally, Fifth Third Bancorp bought a new position in JPMorgan U.S. Momentum Factor ETF during the third quarter valued at about $55,000.

About JPMorgan U.S. Momentum Factor ETF

(Get Free Report)

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.

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