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

by · The Cerbat Gem

JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM – Get Free Report) 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

(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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