JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) Shares Shorted: Short Interest Up 282.1% in October

JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totaling 112,302 shares, an increase of 282.1% from the September 30th total of 29,391 shares. Based on an average daily volume of 141,490 shares, the short-interest ratio is currently 0.8 days. Approximately 0.3% of the shares of the stock are sold short.

Institutional Investors Weigh In On JPMorgan U.S. Momentum Factor ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. NewEdge Advisors LLC boosted its position in JPMorgan U.S. Momentum Factor ETF by 2.2% during the 1st quarter. NewEdge Advisors LLC now owns 6,523 shares of the company’s stock worth $443,000 after buying an additional 139 shares during the period. Asempa Wealth Advisors grew its holdings in JPMorgan U.S. Momentum Factor ETF by 1.8% during the 3rd quarter. Asempa Wealth Advisors now owns 8,276 shares of the company’s stock worth $696,000 after acquiring an additional 149 shares during the last quarter. Castleview Partners LLC increased its position in JPMorgan U.S. Momentum Factor ETF by 3.7% in the 1st quarter. Castleview Partners LLC now owns 4,960 shares of the company’s stock valued at $337,000 after acquiring an additional 175 shares during the period. TSA Wealth Managment LLC raised its stake in shares of JPMorgan U.S. Momentum Factor ETF by 1.7% during the third quarter. TSA Wealth Managment LLC now owns 12,928 shares of the company’s stock valued at $1,078,000 after acquiring an additional 214 shares during the last quarter. Finally, Able Wealth Management LLC lifted its holdings in shares of JPMorgan U.S. Momentum Factor ETF by 3.9% during the first quarter. Able Wealth Management LLC now owns 7,216 shares of the company’s stock worth $490,000 after purchasing an additional 273 shares during the period.

JPMorgan U.S. Momentum Factor ETF Price Performance

Shares of JMOM stock traded down $2.03 on Friday, hitting $80.14. 93,089 shares of the company’s stock were exchanged, compared to its average volume of 120,280. The stock has a market cap of $2.69 billion, a P/E ratio of 27.64 and a beta of 1.06. JPMorgan U.S. Momentum Factor ETF has a 12 month low of $64.82 and a 12 month high of $86.07. The company has a 50 day moving average of $82.74 and a 200 day moving average of $77.98.

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.