JPMorgan Dividend Leaders ETF (NYSEARCA:JDIV) Sees Significant Decrease in Short Interest

JPMorgan Dividend Leaders ETF (NYSEARCA:JDIV) saw a large decline in short interest in July. As of July 31st, there was short interest totaling 360 shares, a decline of 97.4% from the July 15th total of 13,886 shares. Based on an average trading volume of 608 shares, the short-interest ratio is currently 0.6 days. Approximately 0.2% of the company’s stock are sold short.

Hedge Funds Weigh In On JPMorgan Dividend Leaders ETF

A hedge fund recently raised its stake in JPMorgan Dividend Leaders ETF stock. Benjamin Edwards Inc. raised its holdings in JPMorgan Dividend Leaders ETF (NYSEARCA:JDIV) by 6.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,072 shares of the company’s stock after buying an additional 1,279 shares during the period. Benjamin Edwards Inc. owned about 14.05% of JPMorgan Dividend Leaders ETF worth $1,090,000 as of its most recent SEC filing.

JPMorgan Dividend Leaders ETF Stock Performance

Shares of NYSEARCA:JDIV traded up $0.04 during trading hours on Tuesday, reaching $58.40. The stock had a trading volume of 176 shares, compared to its average volume of 1,221. JPMorgan Dividend Leaders ETF has a 1 year low of $51.34 and a 1 year high of $58.50. The firm’s 50 day moving average is $56.62 and its 200-day moving average is $55.63. The stock has a market capitalization of $12.85 million, a price-to-earnings ratio of 20.22 and a beta of 0.63.

JPMorgan Dividend Leaders ETF Company Profile

The JPMorgan U.S. Dividend ETF (JDIV) is an exchange-traded fund that is based on the JP Morgan US Dividend index. The fund tracks an index of US large-cap equities with higher dividend yields, weighted for greater exposure to sectors with high risk-adjusted dividend yields. JDIV was launched on Sep 25, 2024 and is issued by JPMorgan Chase.