Short Interest in JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) Rises By 56.5%

JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) was the recipient of a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 105,553 shares, an increase of 56.5% from the December 31st total of 67,444 shares. Based on an average daily volume of 95,667 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.4% of the shares of the company are short sold. Approximately 0.4% of the shares of the company are short sold. Based on an average daily volume of 95,667 shares, the days-to-cover ratio is presently 1.1 days.

JPMorgan U.S. Momentum Factor ETF Stock Performance

NYSEARCA JMOM traded down $0.82 during mid-day trading on Friday, reaching $70.07. 63,989 shares of the stock were exchanged, compared to its average volume of 151,709. The business’s 50 day moving average is $69.24 and its 200-day moving average is $67.52. The company has a market capitalization of $1.91 billion, a P/E ratio of 27.64 and a beta of 1.04. JPMorgan U.S. Momentum Factor ETF has a 1 year low of $48.68 and a 1 year high of $71.23.

Institutional Trading of JPMorgan U.S. Momentum Factor ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Kickstand Ventures LLC. increased its stake in JPMorgan U.S. Momentum Factor ETF by 4.6% during the 4th quarter. Kickstand Ventures LLC. now owns 10,506 shares of the company’s stock worth $716,000 after buying an additional 460 shares during the period. Sanctuary Advisors LLC purchased a new position in JPMorgan U.S. Momentum Factor ETF during the 4th quarter worth $254,000. Belpointe Asset Management LLC raised its stake in shares of JPMorgan U.S. Momentum Factor ETF by 24.1% during the fourth quarter. Belpointe Asset Management LLC now owns 20,039 shares of the company’s stock worth $1,366,000 after purchasing an additional 3,887 shares during the last quarter. 5T Wealth LLC raised its holdings in JPMorgan U.S. Momentum Factor ETF by 1.8% during the fourth quarter. 5T Wealth LLC now owns 67,709 shares of the company’s stock worth $4,614,000 after purchasing an additional 1,205 shares in the last quarter. Finally, Wealth Enhancement Trust Services Inc. acquired a new position in JPMorgan U.S. Momentum Factor ETF during the fourth quarter worth $753,000.

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.