Short Interest in JPMorgan Dividend Leaders ETF (NYSEARCA:JDIV) Expands By 224.0%

JPMorgan Dividend Leaders ETF (NYSEARCA:JDIVGet Free Report) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 4,886 shares, a growth of 224.0% from the August 15th total of 1,508 shares. Based on an average daily trading volume, of 3,054 shares, the short-interest ratio is presently 1.6 days. Approximately 2.2% of the company’s stock are short sold.

JPMorgan Dividend Leaders ETF Stock Performance

Shares of NYSEARCA:JDIV traded down $0.36 during mid-day trading on Monday, hitting $56.99. 985 shares of the company traded hands, compared to its average volume of 1,300. The firm’s 50 day simple moving average is $57.51 and its 200 day simple moving average is $56.04. The firm has a market cap of $12.54 million, a P/E ratio of 20.22 and a beta of 0.63. JPMorgan Dividend Leaders ETF has a 52-week low of $51.34 and a 52-week high of $58.83.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in JDIV. Benjamin Edwards Inc. increased its stake in JPMorgan Dividend Leaders ETF by 6.5% during the 2nd quarter. Benjamin Edwards Inc. now owns 21,072 shares of the company’s stock worth $1,090,000 after buying an additional 1,279 shares during the period. Integrated Wealth Concepts LLC purchased a new position in JPMorgan Dividend Leaders ETF in the 2nd quarter valued at about $325,000. Finally, Citadel Advisors LLC grew its stake in shares of JPMorgan Dividend Leaders ETF by 80.4% during the second quarter. Citadel Advisors LLC now owns 18,133 shares of the company’s stock valued at $1,022,000 after acquiring an additional 8,082 shares in the last quarter.

About JPMorgan Dividend Leaders ETF

(Get Free Report)

The JPMorgan U.S. Dividend ETF (JDIV) is an exchange-traded fund that is based on the JP Morgan US Dividend index. The fund tracks an index of US large-cap equities with higher dividend yields, weighted for greater exposure to sectors with high risk-adjusted dividend yields. JDIV was launched on Sep 25, 2024 and is issued by JPMorgan Chase.

Further Reading

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