JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE) Short Interest Down 37.4% in March

JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE) was the recipient of a significant drop in short interest in the month of March. As of March 31st, there was short interest totaling 33,686 shares, a drop of 37.4% from the March 15th total of 53,839 shares. Based on an average trading volume of 304,598 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are sold short.

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

A number of hedge funds have recently added to or reduced their stakes in the company. Western Wealth Management LLC grew its stake in JPMorgan Small & Mid Cap Enhanced Equity ETF by 1.5% in the third quarter. Western Wealth Management LLC now owns 10,682 shares of the company’s stock valued at $678,000 after acquiring an additional 158 shares during the period. Summit Wealth Partners LLC grew its stake in JPMorgan Small & Mid Cap Enhanced Equity ETF by 1.6% in the third quarter. Summit Wealth Partners LLC now owns 11,990 shares of the company’s stock valued at $761,000 after acquiring an additional 189 shares during the period. Breakwater Capital Group grew its stake in JPMorgan Small & Mid Cap Enhanced Equity ETF by 6.0% in the fourth quarter. Breakwater Capital Group now owns 3,450 shares of the company’s stock valued at $222,000 after acquiring an additional 196 shares during the period. Dynamic Advisor Solutions LLC grew its stake in JPMorgan Small & Mid Cap Enhanced Equity ETF by 4.3% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 4,889 shares of the company’s stock valued at $315,000 after acquiring an additional 202 shares during the period. Finally, Ashton Thomas Securities LLC grew its stake in JPMorgan Small & Mid Cap Enhanced Equity ETF by 0.4% in the fourth quarter. Ashton Thomas Securities LLC now owns 51,976 shares of the company’s stock valued at $3,346,000 after acquiring an additional 218 shares during the period.

JPMorgan Small & Mid Cap Enhanced Equity ETF Stock Performance

JPMorgan Small & Mid Cap Enhanced Equity ETF stock traded down $0.09 during mid-day trading on Wednesday, reaching $70.73. The stock had a trading volume of 142,868 shares, compared to its average volume of 159,295. JPMorgan Small & Mid Cap Enhanced Equity ETF has a fifty-two week low of $50.69 and a fifty-two week high of $71.18. The stock’s 50-day simple moving average is $68.54 and its 200-day simple moving average is $66.23. The firm has a market capitalization of $2.58 billion, a PE ratio of 17.83 and a beta of 1.07.

About JPMorgan Small & Mid Cap Enhanced Equity ETF

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.