JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE) Sees Large Decline in Short Interest

JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE) was the recipient of a large drop in short interest during the month of January. As of January 30th, there was short interest totaling 48,895 shares, a drop of 53.8% from the January 15th total of 105,886 shares. Based on an average daily trading volume, of 109,769 shares, the short-interest ratio is currently 0.4 days. Approximately 0.1% of the shares of the company are sold short. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 109,769 shares, the short-interest ratio is currently 0.4 days.

JPMorgan Small & Mid Cap Enhanced Equity ETF Stock Performance

JPMorgan Small & Mid Cap Enhanced Equity ETF stock traded up $0.86 during trading hours on Friday, reaching $70.18. 79,295 shares of the stock were exchanged, compared to its average volume of 109,297. The stock has a market cap of $2.35 billion, a P/E ratio of 17.83 and a beta of 1.09. JPMorgan Small & Mid Cap Enhanced Equity ETF has a 52-week low of $48.18 and a 52-week high of $71.10. The firm’s 50 day moving average is $67.16 and its 200 day moving average is $64.39.

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 JMEE. Arete Wealth Advisors LLC increased its stake in JPMorgan Small & Mid Cap Enhanced Equity ETF by 5.7% in the 4th quarter. Arete Wealth Advisors LLC now owns 9,389 shares of the company’s stock valued at $604,000 after purchasing an additional 507 shares in the last quarter. Kestra Advisory Services LLC grew its holdings in JPMorgan Small & Mid Cap Enhanced Equity ETF by 6.8% in the fourth quarter. Kestra Advisory Services LLC now owns 99,146 shares of the company’s stock valued at $6,383,000 after purchasing an additional 6,290 shares during the last quarter. Stifel Financial Corp increased its position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 13.8% in the fourth quarter. Stifel Financial Corp now owns 97,103 shares of the company’s stock valued at $6,251,000 after buying an additional 11,807 shares in the last quarter. Smartleaf Asset Management LLC purchased a new position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF in the fourth quarter valued at $26,000. Finally, Greenline Wealth Management LLC acquired a new position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF during the 4th quarter worth $145,000.

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.