JPMorgan Fundamental Data Science Mid Core ETF (NASDAQ:MCDS) Sees Significant Decline in Short Interest

JPMorgan Fundamental Data Science Mid Core ETF (NASDAQ:MCDS) was the recipient of a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 111 shares, a decline of 60.9% from the September 15th total of 284 shares. Based on an average daily volume of 1,243 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are short sold.

JPMorgan Fundamental Data Science Mid Core ETF Price Performance

Shares of NASDAQ:MCDS traded down $0.72 during midday trading on Wednesday, reaching $65.98. The company’s stock had a trading volume of 20 shares, compared to its average volume of 405. The business’s fifty day simple moving average is $67.46 and its 200-day simple moving average is $65.84. JPMorgan Fundamental Data Science Mid Core ETF has a fifty-two week low of $55.63 and a fifty-two week high of $70.42. The company has a market capitalization of $7.92 million, a P/E ratio of 20.20 and a beta of 0.84.

JPMorgan Fundamental Data Science Mid Core ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 24th. Shareholders of record on Tuesday, September 22nd were issued a dividend of $0.1932 per share. The ex-dividend date of this dividend was Tuesday, September 22nd. This represents a $0.77 dividend on an annualized basis and a yield of 1.2%. This is an increase from JPMorgan Fundamental Data Science Mid Core ETF’s previous quarterly dividend of $0.1680.

Institutional Investors Weigh In On JPMorgan Fundamental Data Science Mid Core ETF

An institutional investor recently raised its stake in JPMorgan Fundamental Data Science Mid Core ETF stock. Royal Bank of Canada increased its stake in JPMorgan Fundamental Data Science Mid Core ETF (NASDAQ:MCDS) by 2.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,213 shares of the company’s stock after purchasing an additional 224 shares during the period. Royal Bank of Canada owned 6.84% of JPMorgan Fundamental Data Science Mid Core ETF worth $488,000 as of its most recent SEC filing.

JPMorgan Fundamental Data Science Mid Core ETF Company Profile

The JPMorgan Fundamental Data Science Mid Core ETF (MCDS) is an exchange-traded fund that is based on the Russell Midcap index. The fund actively selects components using a fundamental based approach, picking US midcaps. MCDS was launched on Aug 7, 2024 and is issued by JPMorgan Chase.