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

JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE) saw a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 90,381 shares, a growth of 248.2% from the July 15th total of 25,960 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily volume of 83,219 shares, the days-to-cover ratio is currently 1.1 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of JMEE. Smartleaf Asset Management LLC bought a new stake in JPMorgan Small & Mid Cap Enhanced Equity ETF in the fourth quarter worth $26,000. Fifth Third Bancorp bought a new stake in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF in the fourth quarter worth $27,000. Pinnacle Bancorp Inc. purchased a new stake in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF during the 1st quarter valued at about $38,000. Godsey & Gibb Inc. bought a new position in JPMorgan Small & Mid Cap Enhanced Equity ETF in the fourth quarter worth approximately $45,000. Finally, Root Financial Partners LLC bought a new stake in JPMorgan Small & Mid Cap Enhanced Equity ETF during the fourth quarter valued at about $75,000.

JPMorgan Small & Mid Cap Enhanced Equity ETF Stock Up 0.6%

Shares of JMEE traded up $0.45 during mid-day trading on Thursday, hitting $79.75. 26,672 shares of the company’s stock traded hands, compared to its average volume of 136,667. The business’s 50-day moving average price is $76.64 and its 200-day moving average price is $72.42. The firm has a market capitalization of $2.99 billion, a P/E ratio of 17.83 and a beta of 1.02. JPMorgan Small & Mid Cap Enhanced Equity ETF has a 1 year low of $60.60 and a 1 year high of $79.81.

JPMorgan Small & Mid Cap Enhanced Equity ETF Company Profile

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.