JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) Short Interest Up 145.4% in August

JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) was the recipient of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 98,094 shares, an increase of 145.4% from the July 30th total of 39,970 shares. Based on an average trading volume of 128,392 shares, the short-interest ratio is presently 0.8 days. Approximately 0.3% of the shares of the company are sold short.

JPMorgan U.S. Momentum Factor ETF Price Performance

NYSEARCA JMOM opened at $83.47 on Friday. JPMorgan U.S. Momentum Factor ETF has a 1 year low of $64.61 and a 1 year high of $85.91. The company has a market capitalization of $2.59 billion, a PE ratio of 27.64 and a beta of 1.06. The company has a fifty day moving average of $83.06 and a two-hundred day moving average of $77.54.

Institutional Trading of JPMorgan U.S. Momentum Factor ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Ameritas Advisory Services LLC acquired a new stake in shares of JPMorgan U.S. Momentum Factor ETF in the 2nd quarter valued at about $377,000. Concurrent Investment Advisors LLC grew its stake in JPMorgan U.S. Momentum Factor ETF by 33.0% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 5,744 shares of the company’s stock worth $491,000 after buying an additional 1,424 shares during the last quarter. Triumph Capital Management increased its position in JPMorgan U.S. Momentum Factor ETF by 111.5% during the second quarter. Triumph Capital Management now owns 10,784 shares of the company’s stock worth $922,000 after buying an additional 5,686 shares during the period. Contango Wealth Management LLC acquired a new position in JPMorgan U.S. Momentum Factor ETF during the first quarter worth approximately $1,356,000. Finally, NewEdge Advisors LLC lifted its stake in JPMorgan U.S. Momentum Factor ETF by 2.2% in the first quarter. NewEdge Advisors LLC now owns 6,523 shares of the company’s stock valued at $443,000 after buying an additional 139 shares during the last quarter.

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.