JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE) Short Interest Update

JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE) was the target of a large increase in short interest in the month of April. As of April 15th, there was short interest totaling 69,956 shares, an increase of 107.7% from the March 31st total of 33,686 shares. Based on an average daily trading volume, of 154,797 shares, the short-interest ratio is currently 0.5 days. Approximately 0.2% of the company’s shares are short sold.

JPMorgan Small & Mid Cap Enhanced Equity ETF Stock Performance

Shares of NYSEARCA JMEE traded up $0.25 during midday trading on Friday, reaching $72.48. 75,219 shares of the stock were exchanged, compared to its average volume of 157,731. The stock has a market capitalization of $2.65 billion, a P/E ratio of 17.83 and a beta of 1.07. The company has a 50 day simple moving average of $68.86 and a 200 day simple moving average of $66.67. JPMorgan Small & Mid Cap Enhanced Equity ETF has a twelve month low of $53.11 and a twelve month high of $73.38.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. LPL Financial LLC lifted its stake in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 7.3% in the 4th quarter. LPL Financial LLC now owns 1,950,272 shares of the company’s stock valued at $125,558,000 after purchasing an additional 133,225 shares during the last quarter. Crestwood Advisors Group LLC increased its position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 6.3% during the 4th quarter. Crestwood Advisors Group LLC now owns 994,466 shares of the company’s stock worth $64,024,000 after purchasing an additional 58,599 shares during the last quarter. CWM LLC increased its position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 121.6% during the 4th quarter. CWM LLC now owns 958,735 shares of the company’s stock worth $61,723,000 after purchasing an additional 526,040 shares during the last quarter. Cetera Investment Advisers raised its holdings in JPMorgan Small & Mid Cap Enhanced Equity ETF by 19.9% in the 4th quarter. Cetera Investment Advisers now owns 660,274 shares of the company’s stock valued at $42,508,000 after buying an additional 109,404 shares during the period. Finally, Total Wealth Planning LLC raised its holdings in JPMorgan Small & Mid Cap Enhanced Equity ETF by 7.4% in the 3rd quarter. Total Wealth Planning LLC now owns 475,078 shares of the company’s stock valued at $30,134,000 after buying an additional 32,663 shares during the period.

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.