JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE) Sees Significant Increase in Short Interest

JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE) was the target of a significant increase in short interest in March. As of March 13th, there was short interest totaling 53,839 shares, an increase of 462.8% from the February 26th total of 9,566 shares. Based on an average daily trading volume, of 162,091 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.2% of the shares of the stock are sold short. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 162,091 shares, the days-to-cover ratio is currently 0.3 days.

JPMorgan Small & Mid Cap Enhanced Equity ETF Trading Up 1.0%

Shares of NYSEARCA:JMEE traded up $0.67 during midday trading on Tuesday, hitting $67.03. 386,182 shares of the stock were exchanged, compared to its average volume of 145,034. JPMorgan Small & Mid Cap Enhanced Equity ETF has a twelve month low of $48.18 and a twelve month high of $71.10. The company has a 50 day moving average price of $68.54 and a 200-day moving average price of $65.72. The stock has a market cap of $2.24 billion, a P/E ratio of 17.83 and a beta of 1.09.

Hedge Funds Weigh In On JPMorgan Small & Mid Cap Enhanced Equity ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. CWM LLC lifted its holdings in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 121.6% in the fourth quarter. CWM LLC now owns 958,735 shares of the company’s stock valued at $61,723,000 after purchasing an additional 526,040 shares in the last quarter. SHP Wealth Management purchased a new position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF during the 4th quarter worth approximately $20,520,000. Capital Advisors Wealth Management LLC raised its position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 3,842.8% during the 3rd quarter. Capital Advisors Wealth Management LLC now owns 202,383 shares of the company’s stock worth $12,837,000 after purchasing an additional 197,250 shares during the last quarter. Great Valley Advisor Group Inc. raised its position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 22.5% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 845,752 shares of the company’s stock worth $50,077,000 after purchasing an additional 155,064 shares during the last quarter. Finally, Retirement Management Systems Inc. purchased a new stake in JPMorgan Small & Mid Cap Enhanced Equity ETF in the 4th quarter valued at approximately $9,413,000.

About JPMorgan Small & Mid Cap Enhanced Equity ETF

The JPMorgan Market Expansion Enhanced Equity ETF (JMEE) is an exchange-traded fund that is based on the S&P 1000 index. The fund is an actively managed portfolio of small- and mid-cap US stocks and REITs. The fund uses a proprietary selection and weighting criteria, aiming to modestly outperform the total return of the S&P 1000 Index. JMEE was launched on May 6, 2022 and is managed by JPMorgan Chase.