JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) Short Interest Update

JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) was the target of a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 66,839 shares, a growth of 43.3% from the November 30th total of 46,657 shares. Based on an average daily volume of 55,491 shares, the days-to-cover ratio is presently 1.2 days. Approximately 0.3% of the company’s stock are sold short. Approximately 0.3% of the company’s stock are sold short. Based on an average daily volume of 55,491 shares, the days-to-cover ratio is presently 1.2 days.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in JMOM. Ameriflex Group Inc. boosted its stake in shares of JPMorgan U.S. Momentum Factor ETF by 15.9% during the 2nd quarter. Ameriflex Group Inc. now owns 6,115 shares of the company’s stock worth $388,000 after buying an additional 839 shares during the last quarter. ROSS JOHNSON & Associates LLC bought a new stake in JPMorgan U.S. Momentum Factor ETF during the first quarter worth about $38,000. 17 Capital Partners LLC boosted its position in JPMorgan U.S. Momentum Factor ETF by 18.4% during the second quarter. 17 Capital Partners LLC now owns 11,345 shares of the company’s stock valued at $729,000 after purchasing an additional 1,762 shares during the last quarter. Nova R Wealth Inc. boosted its position in JPMorgan U.S. Momentum Factor ETF by 5.0% during the second quarter. Nova R Wealth Inc. now owns 148,113 shares of the company’s stock valued at $9,522,000 after purchasing an additional 7,044 shares during the last quarter. Finally, Corient Private Wealth LLC grew its stake in JPMorgan U.S. Momentum Factor ETF by 2,519.9% in the second quarter. Corient Private Wealth LLC now owns 116,586 shares of the company’s stock valued at $7,495,000 after purchasing an additional 112,136 shares in the last quarter.

JPMorgan U.S. Momentum Factor ETF Stock Performance

JMOM stock traded down $0.29 during mid-day trading on Monday, hitting $69.01. 94,263 shares of the company were exchanged, compared to its average volume of 81,416. JPMorgan U.S. Momentum Factor ETF has a 1-year low of $48.68 and a 1-year high of $69.71. The firm’s 50 day simple moving average is $68.23 and its 200 day simple moving average is $66.38. The firm has a market cap of $1.73 billion, a P/E ratio of 27.64 and a beta of 1.04.

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.