JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) Shares Shorted: Short Interest Down 56.2% in September

JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) was the recipient of a significant drop in short interest in September. As of September 30th, there was short interest totaling 29,391 shares, a drop of 56.2% from the September 15th total of 67,117 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 125,335 shares, the days-to-cover ratio is presently 0.2 days.

JPMorgan U.S. Momentum Factor ETF Stock Down 0.4%

JPMorgan U.S. Momentum Factor ETF stock traded down $0.37 during trading on Tuesday, reaching $83.86. The stock had a trading volume of 84,138 shares, compared to its average volume of 120,187. JPMorgan U.S. Momentum Factor ETF has a 52-week low of $64.82 and a 52-week high of $86.07. The stock has a market cap of $2.78 billion, a PE ratio of 27.64 and a beta of 1.06. The business has a 50 day moving average price of $83.51 and a 200 day moving average price of $80.51.

Hedge Funds Weigh In On JPMorgan U.S. Momentum Factor ETF

Several large investors have recently bought and sold shares of JMOM. Acropolis Investment Management LLC purchased a new stake in shares of JPMorgan U.S. Momentum Factor ETF during the 3rd quarter worth approximately $163,000. First Heartland Consultants Inc. acquired a new position in shares of JPMorgan U.S. Momentum Factor ETF in the 3rd quarter valued at $213,000. Wealth Enhancement Trust Services Inc. grew its position in shares of JPMorgan U.S. Momentum Factor ETF by 12.6% in the 3rd quarter. Wealth Enhancement Trust Services Inc. now owns 81,841 shares of the company’s stock valued at $6,821,000 after buying an additional 9,139 shares during the last quarter. Asempa Wealth Advisors grew its position in shares of JPMorgan U.S. Momentum Factor ETF by 1.8% in the 3rd quarter. Asempa Wealth Advisors now owns 8,276 shares of the company’s stock valued at $696,000 after buying an additional 149 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its position in shares of JPMorgan U.S. Momentum Factor ETF by 19.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 22,445 shares of the company’s stock valued at $1,918,000 after buying an additional 3,665 shares during 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.