JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE) Sees Large Decrease in Short Interest

JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE) was the recipient of a significant decline in short interest in the month of February. As of February 27th, there was short interest totaling 9,566 shares, a decline of 81.4% from the February 12th total of 51,508 shares. Based on an average trading volume of 134,359 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 134,359 shares, the short-interest ratio is presently 0.1 days.

JPMorgan Small & Mid Cap Enhanced Equity ETF Stock Down 0.1%

Shares of JMEE stock traded down $0.09 during mid-day trading on Wednesday, reaching $67.19. The stock had a trading volume of 120,004 shares, compared to its average volume of 121,968. JPMorgan Small & Mid Cap Enhanced Equity ETF has a one year low of $48.18 and a one year high of $71.10. The firm has a market cap of $2.25 billion, a PE ratio of 17.83 and a beta of 1.09. The firm’s 50 day simple moving average is $68.52 and its 200 day simple moving average is $65.48.

Institutional Investors Weigh In On JPMorgan Small & Mid Cap Enhanced Equity ETF

A number of institutional investors have recently bought and sold shares of the business. Crestwood Advisors Group LLC increased its stake in JPMorgan Small & Mid Cap Enhanced Equity ETF by 8.8% in the third quarter. Crestwood Advisors Group LLC now owns 935,867 shares of the company’s stock valued at $59,362,000 after acquiring an additional 75,929 shares during the period. Ashton Thomas Securities LLC lifted its stake in JPMorgan Small & Mid Cap Enhanced Equity ETF by 79.6% during the third quarter. Ashton Thomas Securities LLC now owns 51,758 shares of the company’s stock worth $3,283,000 after purchasing an additional 22,935 shares during the period. Cetera Investment Advisers lifted its stake in JPMorgan Small & Mid Cap Enhanced Equity ETF by 13.9% during the second quarter. Cetera Investment Advisers now owns 579,860 shares of the company’s stock worth $34,333,000 after purchasing an additional 70,544 shares during the period. Meridian Financial Partners LLC boosted its holdings in JPMorgan Small & Mid Cap Enhanced Equity ETF by 7.0% during the third quarter. Meridian Financial Partners LLC now owns 304,985 shares of the company’s stock valued at $19,455,000 after purchasing an additional 19,920 shares in the last quarter. Finally, MAI Capital Management grew its stake in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 423.4% in the 2nd quarter. MAI Capital Management now owns 4,041 shares of the company’s stock valued at $239,000 after purchasing an additional 3,269 shares during the period.

JPMorgan Small & Mid Cap Enhanced Equity ETF Company Profile

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.