Short Interest in JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE) Grows By 462.8%

JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE) saw a large increase in short interest in March. As of March 13th, there was short interest totaling 53,839 shares, an increase of 462.8% from the February 26th total of 9,566 shares. Based on an average daily volume of 162,091 shares, the short-interest ratio is presently 0.3 days. Approximately 0.2% of the shares of the stock are short sold. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily volume of 162,091 shares, the short-interest ratio is presently 0.3 days.

JPMorgan Small & Mid Cap Enhanced Equity ETF Stock Performance

JMEE traded up $0.31 during trading on Wednesday, reaching $67.34. 23,398 shares of the company traded hands, compared to its average volume of 142,825. JPMorgan Small & Mid Cap Enhanced Equity ETF has a 12-month low of $48.18 and a 12-month high of $71.10. The firm has a fifty day simple moving average of $68.54 and a 200 day simple moving average of $65.72. The company has a market cap of $2.25 billion, a P/E ratio of 17.83 and a beta of 1.09.

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

Several institutional investors have recently bought and sold shares of JMEE. SHP Wealth Management purchased a new stake in JPMorgan Small & Mid Cap Enhanced Equity ETF in the 4th quarter worth $20,520,000. Macco Financial Group Inc. purchased a new position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF during the fourth quarter valued at about $8,387,000. Ruggaard & Associates LLC grew its position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 1.1% during the fourth quarter. Ruggaard & Associates LLC now owns 28,591 shares of the company’s stock valued at $1,841,000 after purchasing an additional 310 shares in the last quarter. McLaughlin Asset Management Inc. bought a new stake in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF in the fourth quarter worth about $1,678,000. Finally, Axxcess Wealth Management LLC bought a new stake in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF in the fourth quarter worth about $2,898,000.

About JPMorgan Small & Mid Cap Enhanced Equity ETF

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.