Short Interest in JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) Expands By 56.5%

JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) was the target of a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 105,553 shares, an increase of 56.5% from the December 31st total of 67,444 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 95,667 shares, the short-interest ratio is currently 1.1 days. Based on an average daily trading volume, of 95,667 shares, the short-interest ratio is currently 1.1 days. Approximately 0.4% of the shares of the company are short sold.

JPMorgan U.S. Momentum Factor ETF Price Performance

Shares of JPMorgan U.S. Momentum Factor ETF stock traded up $0.78 on Monday, hitting $70.85. The company had a trading volume of 21,187 shares, compared to its average volume of 145,457. JPMorgan U.S. Momentum Factor ETF has a 52 week low of $48.68 and a 52 week high of $71.23. The company has a market cap of $1.94 billion, a PE ratio of 27.64 and a beta of 1.04. The business has a 50-day simple moving average of $69.24 and a 200-day simple moving average of $67.55.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC increased its holdings in shares of JPMorgan U.S. Momentum Factor ETF by 2.6% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 11,896,007 shares of the company’s stock valued at $804,527,000 after purchasing an additional 301,812 shares during the last quarter. Ameriflex Group Inc. raised its stake in JPMorgan U.S. Momentum Factor ETF by 15.9% in the 2nd quarter. Ameriflex Group Inc. now owns 6,115 shares of the company’s stock worth $388,000 after purchasing an additional 839 shares in the last quarter. Elevation Capital Advisory LLC acquired a new position in shares of JPMorgan U.S. Momentum Factor ETF during the 3rd quarter worth approximately $2,512,000. 17 Capital Partners LLC grew its position in shares of JPMorgan U.S. Momentum Factor ETF by 18.4% during the 2nd quarter. 17 Capital Partners LLC now owns 11,345 shares of the company’s stock worth $729,000 after purchasing an additional 1,762 shares in the last quarter. Finally, Corient Private Wealth LLC increased its holdings in shares of JPMorgan U.S. Momentum Factor ETF by 2,519.9% during the second quarter. Corient Private Wealth LLC now owns 116,586 shares of the company’s stock worth $7,495,000 after purchasing an additional 112,136 shares during the period.

JPMorgan U.S. Momentum Factor ETF Company Profile

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.