Short Interest in JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE) Drops By 53.8%

JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE) was the recipient of a large drop in short interest in January. As of January 30th, there was short interest totaling 48,895 shares, a drop of 53.8% from the January 15th total of 105,886 shares. Based on an average trading volume of 109,769 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.1% of the shares of the stock are short sold. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 109,769 shares, the days-to-cover ratio is currently 0.4 days.

JPMorgan Small & Mid Cap Enhanced Equity ETF Trading Up 1.2%

Shares of JMEE stock traded up $0.86 during trading hours on Friday, hitting $70.18. The company’s stock had a trading volume of 79,295 shares, compared to its average volume of 109,297. The business has a fifty day moving average of $67.16 and a 200-day moving average of $64.39. The stock has a market cap of $2.35 billion, a price-to-earnings ratio of 17.83 and a beta of 1.09. JPMorgan Small & Mid Cap Enhanced Equity ETF has a twelve month low of $48.18 and a twelve month high of $71.10.

Hedge Funds Weigh In On JPMorgan Small & Mid Cap Enhanced Equity ETF

A number of institutional investors have recently made changes to their positions in JMEE. Smartleaf Asset Management LLC acquired a new position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF in the fourth quarter valued at approximately $26,000. Fifth Third Bancorp purchased a new stake in JPMorgan Small & Mid Cap Enhanced Equity ETF in the 4th quarter worth approximately $27,000. Main Street Group LTD acquired a new position in JPMorgan Small & Mid Cap Enhanced Equity ETF in the 3rd quarter valued at $30,000. Banco de Sabadell S.A purchased a new position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF during the 2nd quarter worth $31,000. Finally, Godsey & Gibb Inc. purchased a new position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF during the 4th quarter worth $45,000.

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.