Short Interest in JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE) Declines By 84.8%

JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE) was the recipient of a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 25,960 shares, a decline of 84.8% from the June 30th total of 170,421 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 136,973 shares, the days-to-cover ratio is presently 0.2 days.

JPMorgan Small & Mid Cap Enhanced Equity ETF Trading Down 0.3%

JMEE traded down $0.21 during mid-day trading on Monday, hitting $76.38. 44,550 shares of the stock were exchanged, compared to its average volume of 141,591. The firm’s fifty day moving average is $75.62 and its two-hundred day moving average is $71.52. JPMorgan Small & Mid Cap Enhanced Equity ETF has a 1-year low of $58.33 and a 1-year high of $78.23. The company has a market cap of $2.85 billion, a PE ratio of 17.83 and a beta of 1.02.

Institutional Trading of JPMorgan Small & Mid Cap Enhanced Equity ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Smartleaf Asset Management LLC purchased 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 during the 4th quarter worth approximately $27,000. Pinnacle Bancorp Inc. acquired a new stake in JPMorgan Small & Mid Cap Enhanced Equity ETF during the 1st quarter worth approximately $38,000. Godsey & Gibb Inc. acquired a new stake in JPMorgan Small & Mid Cap Enhanced Equity ETF during the 4th quarter worth approximately $45,000. Finally, Root Financial Partners LLC purchased a new position in JPMorgan Small & Mid Cap Enhanced Equity ETF in the 4th quarter valued at approximately $75,000.

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.