JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) Sees Large Decrease in Short Interest

JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) was the recipient of a large decrease in short interest in the month of March. As of March 13th, there was short interest totaling 48,600 shares, a decrease of 15.7% from the February 26th total of 57,640 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 123,061 shares, the short-interest ratio is presently 0.4 days.

JPMorgan U.S. Momentum Factor ETF Stock Performance

Shares of JMOM opened at $67.92 on Wednesday. The firm has a 50-day simple moving average of $69.87 and a 200-day simple moving average of $68.88. The company has a market capitalization of $1.86 billion, a price-to-earnings ratio of 27.64 and a beta of 1.04. JPMorgan U.S. Momentum Factor ETF has a fifty-two week low of $48.68 and a fifty-two week high of $71.65.

Hedge Funds Weigh In On JPMorgan U.S. Momentum Factor ETF

Several institutional investors have recently bought and sold shares of JMOM. Federation des caisses Desjardins du Quebec acquired a new stake in JPMorgan U.S. Momentum Factor ETF in the fourth quarter valued at about $39,000. Hazlett Burt & Watson Inc. purchased a new position in shares of JPMorgan U.S. Momentum Factor ETF during the 3rd quarter worth approximately $44,000. Smartleaf Asset Management LLC lifted its holdings in shares of JPMorgan U.S. Momentum Factor ETF by 334.8% in the 2nd quarter. Smartleaf Asset Management LLC now owns 687 shares of the company’s stock valued at $44,000 after buying an additional 529 shares during the period. Abich Financial Wealth Management LLC acquired a new stake in JPMorgan U.S. Momentum Factor ETF in the third quarter valued at $51,000. Finally, Kestra Advisory Services LLC purchased a new position in shares of JPMorgan U.S. Momentum Factor ETF in the 4th quarter valued at about $53,000.

JPMorgan U.S. Momentum Factor ETF Company Profile

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.