Short Interest in JPMorgan Dividend Leaders ETF (NYSEARCA:JDIV) Rises By 147.1%

JPMorgan Dividend Leaders ETF (NYSEARCA:JDIV) was the recipient of a large increase in short interest in May. As of May 29th, there was short interest totaling 13,942 shares, an increase of 147.1% from the May 14th total of 5,643 shares. Approximately 7.0% of the company’s stock are short sold. Based on an average trading volume of 3,916 shares, the days-to-cover ratio is currently 3.6 days.

JPMorgan Dividend Leaders ETF Stock Up 0.5%

Shares of NYSEARCA JDIV traded up $0.26 during trading hours on Friday, hitting $56.51. 389 shares of the stock were exchanged, compared to its average volume of 1,372. JPMorgan Dividend Leaders ETF has a 12 month low of $50.16 and a 12 month high of $57.03. The company has a market cap of $11.30 million, a PE ratio of 20.22 and a beta of 0.65. The firm has a fifty day moving average price of $55.63 and a 200-day moving average price of $54.86.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in JPMorgan Dividend Leaders ETF stock. Benjamin Edwards Inc. raised its stake in shares of JPMorgan Dividend Leaders ETF (NYSEARCA:JDIV) by 6.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,072 shares of the company’s stock after purchasing an additional 1,279 shares during the quarter. Benjamin Edwards Inc. owned about 14.05% of JPMorgan Dividend Leaders ETF worth $1,090,000 at the end of the most recent reporting period.

About JPMorgan Dividend Leaders ETF

The JPMorgan U.S. Dividend ETF (JDIV) is an exchange-traded fund that is based on the JP Morgan US Dividend index. The fund tracks an index of US large-cap equities with higher dividend yields, weighted for greater exposure to sectors with high risk-adjusted dividend yields. JDIV was launched on Sep 25, 2024 and is issued by JPMorgan Chase.