JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) Short Interest Update

JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) was the recipient of a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 26,827 shares, a decrease of 73.1% from the June 15th total of 99,570 shares. Based on an average trading volume of 80,527 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of JMOM. NewEdge Advisors LLC lifted its holdings in shares of JPMorgan U.S. Momentum Factor ETF by 2.2% during the first quarter. NewEdge Advisors LLC now owns 6,523 shares of the company’s stock worth $443,000 after purchasing an additional 139 shares during the period. Gallacher Capital Management LLC raised its position in JPMorgan U.S. Momentum Factor ETF by 0.9% during the 4th quarter. Gallacher Capital Management LLC now owns 15,717 shares of the company’s stock worth $1,071,000 after buying an additional 146 shares during the last quarter. Castleview Partners LLC raised its position in JPMorgan U.S. Momentum Factor ETF by 3.7% during the 1st quarter. Castleview Partners LLC now owns 4,960 shares of the company’s stock worth $337,000 after buying an additional 175 shares during the last quarter. Mayflower Financial Advisors LLC lifted its stake in JPMorgan U.S. Momentum Factor ETF by 2.7% during the 4th quarter. Mayflower Financial Advisors LLC now owns 8,668 shares of the company’s stock valued at $591,000 after acquiring an additional 229 shares during the period. Finally, Detalus Advisors LLC lifted its stake in JPMorgan U.S. Momentum Factor ETF by 6.7% during the 4th quarter. Detalus Advisors LLC now owns 3,946 shares of the company’s stock valued at $269,000 after acquiring an additional 248 shares during the period.

JPMorgan U.S. Momentum Factor ETF Price Performance

JMOM traded down $1.17 on Monday, reaching $82.64. 63,109 shares of the stock were exchanged, compared to its average volume of 109,786. The company’s 50-day moving average price is $81.71 and its 200 day moving average price is $74.45. JPMorgan U.S. Momentum Factor ETF has a fifty-two week low of $63.29 and a fifty-two week high of $85.64. The firm has a market capitalization of $2.47 billion, a PE ratio of 27.64 and a beta of 1.06.

About JPMorgan U.S. Momentum Factor ETF

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.