JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE) Stock Short Interest Jumps 114.8%

JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 202,052 shares, an increase of 114.8% from the August 31st total of 94,080 shares. Based on an average trading volume of 103,433 shares, the short-interest ratio is currently 2.0 days. Approximately 0.5% of the company’s stock are sold short.

Institutional Investors Weigh In On JPMorgan Small & Mid Cap Enhanced Equity ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Pinnacle Bancorp Inc. bought a new position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF in the 1st quarter valued at about $38,000. Capital Analysts LLC grew its stake in JPMorgan Small & Mid Cap Enhanced Equity ETF by 110.2% in the second quarter. Capital Analysts LLC now owns 1,068 shares of the company’s stock valued at $83,000 after purchasing an additional 560 shares in the last quarter. Root Financial Partners LLC bought a new position in JPMorgan Small & Mid Cap Enhanced Equity ETF in the fourth quarter valued at approximately $75,000. Signal Advisors Wealth LLC acquired a new position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF during the 1st quarter worth approximately $221,000. Finally, Breakwater Capital Group increased its position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 5.0% during the 1st quarter. Breakwater Capital Group now owns 3,622 shares of the company’s stock worth $242,000 after purchasing an additional 172 shares during the last quarter.

JPMorgan Small & Mid Cap Enhanced Equity ETF Trading Down 0.2%

Shares of JMEE stock traded down $0.12 on Tuesday, hitting $73.96. 148,773 shares of the stock were exchanged, compared to its average volume of 135,078. The firm has a market capitalization of $2.91 billion, a P/E ratio of 17.83 and a beta of 1.02. JPMorgan Small & Mid Cap Enhanced Equity ETF has a fifty-two week low of $60.74 and a fifty-two week high of $79.93. The business has a 50-day moving average of $76.70 and a 200 day moving average of $74.07.

JPMorgan Small & Mid Cap Enhanced Equity ETF Company Profile

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.