JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) Stock Short Interest Climbs 282.1%

JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) was the recipient of a large increase in short interest during the month of 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 trading volume of 141,490 shares, the short-interest ratio is presently 0.8 days. Currently, 0.3% of the company’s shares are short sold.

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

Hedge funds and other institutional investors have recently modified their holdings of the business. IFP Advisors Inc increased its stake in JPMorgan U.S. Momentum Factor ETF by 45.4% in the third quarter. IFP Advisors Inc now owns 1,128 shares of the company’s stock worth $94,000 after purchasing an additional 352 shares during the period. Root Financial Partners LLC bought a new position in JPMorgan U.S. Momentum Factor ETF in the third quarter worth about $106,000. Fifth Third Bancorp increased its position in shares of JPMorgan U.S. Momentum Factor ETF by 139.8% during the first quarter. Fifth Third Bancorp now owns 1,930 shares of the company’s stock worth $131,000 after purchasing an additional 1,125 shares in the last quarter. Acropolis Investment Management LLC purchased a new stake in JPMorgan U.S. Momentum Factor ETF in the third quarter valued at about $163,000. Finally, First Heartland Consultants Inc. acquired a new stake in JPMorgan U.S. Momentum Factor ETF in the 3rd quarter worth approximately $213,000.

JPMorgan U.S. Momentum Factor ETF Stock Up 0.7%

NYSEARCA JMOM traded up $0.55 during trading hours on Wednesday, hitting $82.26. 140,189 shares of the company were exchanged, compared to its average volume of 120,492. The stock has a 50-day moving average price of $82.80 and a 200 day moving average price of $77.86. JPMorgan U.S. Momentum Factor ETF has a 52 week low of $64.82 and a 52 week high of $86.07. The stock has a market cap of $2.76 billion, a PE ratio of 27.64 and a beta of 1.06.

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.