JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) Shares Shorted: Short Interest Down 56.2% in September

JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) was the target of a significant decline in short interest in 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 daily volume of 125,335 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are sold short.

JPMorgan U.S. Momentum Factor ETF Trading Down 0.4%

Shares of JPMorgan U.S. Momentum Factor ETF stock traded down $0.37 on Tuesday, hitting $83.86. The stock had a trading volume of 84,138 shares, compared to its average volume of 120,187. JPMorgan U.S. Momentum Factor ETF has a 52-week low of $64.82 and a 52-week high of $86.07. The stock has a market cap of $2.78 billion, a price-to-earnings ratio of 27.64 and a beta of 1.06. The company’s 50 day moving average price is $83.51 and its 200 day moving average price is $80.51.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Acropolis Investment Management LLC purchased a new stake in JPMorgan U.S. Momentum Factor ETF in the third quarter valued at approximately $163,000. First Heartland Consultants Inc. acquired a new stake in shares of JPMorgan U.S. Momentum Factor ETF in the third quarter valued at approximately $213,000. Wealth Enhancement Trust Services Inc. boosted its holdings in shares of JPMorgan U.S. Momentum Factor ETF by 12.6% in the third quarter. Wealth Enhancement Trust Services Inc. now owns 81,841 shares of the company’s stock valued at $6,821,000 after acquiring an additional 9,139 shares during the period. Asempa Wealth Advisors grew its position in shares of JPMorgan U.S. Momentum Factor ETF by 1.8% during the third quarter. Asempa Wealth Advisors now owns 8,276 shares of the company’s stock worth $696,000 after acquiring an additional 149 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its position in shares of JPMorgan U.S. Momentum Factor ETF by 19.5% during the second quarter. Envestnet Asset Management Inc. now owns 22,445 shares of the company’s stock worth $1,918,000 after acquiring an additional 3,665 shares during the last quarter.

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.