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 large 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. Based on an average daily trading volume, of 83,219 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.2% of the shares of the company are short sold.

JPMorgan Small & Mid Cap Enhanced Equity ETF Trading Up 0.4%

Shares of NYSEARCA JMEE opened at $79.86 on Friday. The company has a 50 day simple moving average of $76.84 and a two-hundred day simple moving average of $72.55. The stock has a market cap of $3.00 billion, a price-to-earnings ratio of 17.83 and a beta of 1.02. JPMorgan Small & Mid Cap Enhanced Equity ETF has a 12 month low of $60.60 and a 12 month high of $79.91.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Meridian Financial Partners LLC lifted its holdings in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 7.1% in the 4th quarter. Meridian Financial Partners LLC now owns 326,779 shares of the company’s stock valued at $22,515,000 after buying an additional 21,794 shares during the period. SilverOak Wealth Management LLC purchased a new stake in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF in the fourth quarter worth about $1,283,000. United Advisor Group LLC grew its holdings in JPMorgan Small & Mid Cap Enhanced Equity ETF by 160.2% during the fourth quarter. United Advisor Group LLC now owns 13,416 shares of the company’s stock worth $864,000 after acquiring an additional 8,259 shares during the period. CWM LLC grew its holdings in JPMorgan Small & Mid Cap Enhanced Equity ETF by 121.6% during the fourth quarter. CWM LLC now owns 958,735 shares of the company’s stock worth $61,723,000 after acquiring an additional 526,040 shares during the period. Finally, Capital Developers LLC purchased a new position in JPMorgan Small & Mid Cap Enhanced Equity ETF during the fourth quarter valued at approximately $7,177,000.

About JPMorgan Small & Mid Cap Enhanced Equity ETF

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.