JPMorgan Dividend Leaders ETF (NYSEARCA:JDIV) Sees Large Increase in Short Interest

JPMorgan Dividend Leaders ETF (NYSEARCA:JDIV) was the target of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 4,886 shares, an increase of 224.0% from the August 15th total of 1,508 shares. Approximately 2.2% of the shares of the company are sold short. Based on an average trading volume of 3,054 shares, the short-interest ratio is presently 1.6 days.

JPMorgan Dividend Leaders ETF Trading Up 0.7%

JDIV stock traded up $0.42 on Friday, hitting $57.35. The company’s stock had a trading volume of 400 shares, compared to its average volume of 1,302. The firm has a 50 day moving average of $57.51 and a two-hundred day moving average of $56.03. JPMorgan Dividend Leaders ETF has a 1 year low of $51.34 and a 1 year high of $58.83. The stock has a market cap of $12.62 million, a price-to-earnings ratio of 20.22 and a beta of 0.63.

Institutional Investors Weigh In On JPMorgan Dividend Leaders ETF

Hedge funds have recently made changes to their positions in the business. Benjamin Edwards Inc. grew its holdings in shares of JPMorgan Dividend Leaders ETF by 6.5% during the second quarter. Benjamin Edwards Inc. now owns 21,072 shares of the company’s stock worth $1,090,000 after buying an additional 1,279 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new stake in JPMorgan Dividend Leaders ETF during the 2nd quarter valued at approximately $325,000. Finally, Citadel Advisors LLC raised its stake in JPMorgan Dividend Leaders ETF by 80.4% during the 2nd quarter. Citadel Advisors LLC now owns 18,133 shares of the company’s stock valued at $1,022,000 after acquiring an additional 8,082 shares during the last quarter.

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.