Short Interest in JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) Drops By 73.1%

JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) was the recipient of a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 26,827 shares, a drop of 73.1% from the June 15th total of 99,570 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 80,527 shares, the short-interest ratio is presently 0.3 days.

JPMorgan U.S. Momentum Factor ETF Stock Performance

JMOM traded down $0.17 during trading on Friday, reaching $83.81. The company’s stock had a trading volume of 62,968 shares, compared to its average volume of 110,146. The company’s fifty day moving average price is $81.71 and its 200-day moving average price is $74.45. JPMorgan U.S. Momentum Factor ETF has a 52-week low of $63.29 and a 52-week high of $85.64. The company has a market capitalization of $2.51 billion, a price-to-earnings ratio of 27.64 and a beta of 1.06.

Institutional Trading of JPMorgan U.S. Momentum Factor ETF

Institutional investors have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC grew its holdings in JPMorgan U.S. Momentum Factor ETF by 2.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 12,246,694 shares of the company’s stock worth $860,360,000 after acquiring an additional 350,687 shares during the period. Blue Trust Inc. lifted its holdings in JPMorgan U.S. Momentum Factor ETF by 1.8% in the first quarter. Blue Trust Inc. now owns 4,767,446 shares of the company’s stock valued at $323,805,000 after acquiring an additional 83,512 shares during the period. Equitable Holdings Inc. lifted its holdings in JPMorgan U.S. Momentum Factor ETF by 11.3% in the fourth quarter. Equitable Holdings Inc. now owns 1,109,250 shares of the company’s stock valued at $75,595,000 after acquiring an additional 112,669 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in shares of JPMorgan U.S. Momentum Factor ETF by 16,222.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 904,112 shares of the company’s stock worth $61,615,000 after purchasing an additional 898,573 shares in the last quarter. Finally, Shore Point Advisors LLC boosted its position in shares of JPMorgan U.S. Momentum Factor ETF by 28.2% during the 4th quarter. Shore Point Advisors LLC now owns 637,108 shares of the company’s stock worth $43,419,000 after purchasing an additional 140,326 shares in the last quarter.

About JPMorgan U.S. Momentum Factor ETF

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.