JPMorgan Dividend Leaders ETF (NYSEARCA:JDIV – Get Free Report) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 4,886 shares, an increase of 224.0% from the August 15th total of 1,508 shares. Approximately 2.2% of the shares of the company are sold short. Based on an average daily volume of 3,054 shares, the short-interest ratio is presently 1.6 days.
JPMorgan Dividend Leaders ETF Stock Up 0.7%
Shares of NYSEARCA JDIV traded up $0.42 during mid-day trading on Friday, hitting $57.35. 400 shares of the company were exchanged, compared to its average volume of 1,302. The stock has a 50 day simple moving average of $57.51 and a 200-day simple moving average of $56.03. JPMorgan Dividend Leaders ETF has a 1-year low of $51.34 and a 1-year high of $58.83. The firm has a market cap of $12.62 million, a price-to-earnings ratio of 20.22 and a beta of 0.63.
Institutional Trading of JPMorgan Dividend Leaders ETF
Several hedge funds have recently made changes to their positions in JDIV. Benjamin Edwards Inc. raised its holdings in JPMorgan Dividend Leaders ETF by 6.5% during the second quarter. Benjamin Edwards Inc. now owns 21,072 shares of the company’s stock worth $1,090,000 after purchasing an additional 1,279 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in JPMorgan Dividend Leaders ETF in the 2nd quarter valued at approximately $325,000. Finally, Citadel Advisors LLC boosted its holdings in JPMorgan Dividend Leaders ETF by 80.4% in the 2nd quarter. Citadel Advisors LLC now owns 18,133 shares of the company’s stock valued at $1,022,000 after purchasing an additional 8,082 shares in the last quarter.
JPMorgan Dividend Leaders ETF Company Profile
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.
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