JPMorgan Dividend Leaders ETF (NYSEARCA:JDIV) Sees Significant Decrease in Short Interest

JPMorgan Dividend Leaders ETF (NYSEARCA:JDIV) was the recipient of a significant drop in short interest in July. As of July 31st, there was short interest totaling 360 shares, a drop of 97.4% from the July 15th total of 13,886 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average trading volume of 608 shares, the days-to-cover ratio is presently 0.6 days.

JPMorgan Dividend Leaders ETF Stock Performance

Shares of JDIV remained flat at $58.63 during mid-day trading on Thursday. 962 shares of the stock were exchanged, compared to its average volume of 1,219. JPMorgan Dividend Leaders ETF has a 1 year low of $51.34 and a 1 year high of $58.66. The firm has a market capitalization of $12.90 million, a PE ratio of 20.22 and a beta of 0.63. The stock’s 50 day moving average price is $56.66 and its two-hundred day moving average price is $55.65.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in JPMorgan Dividend Leaders ETF stock. Benjamin Edwards Inc. increased its stake in shares of JPMorgan Dividend Leaders ETF (NYSEARCA:JDIV) by 6.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,072 shares of the company’s stock after acquiring an additional 1,279 shares during the quarter. Benjamin Edwards Inc. owned approximately 14.05% of JPMorgan Dividend Leaders ETF worth $1,090,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

About JPMorgan Dividend Leaders ETF

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.