JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE) Short Interest Up 248.2% in July

JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE) was the target of a large increase in short interest in July. As of July 31st, there was short interest totaling 90,381 shares, an increase of 248.2% from the July 15th total of 25,960 shares. Based on an average trading volume of 83,219 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.2% of the company’s stock are short sold.

Institutional Trading of JPMorgan Small & Mid Cap Enhanced Equity ETF

Hedge funds have recently added to or reduced their stakes in the stock. Breakwater Capital Group lifted its stake in JPMorgan Small & Mid Cap Enhanced Equity ETF by 14.2% in the second quarter. Breakwater Capital Group now owns 4,136 shares of the company’s stock valued at $323,000 after purchasing an additional 514 shares during the last quarter. Rockland Trust Co. increased its holdings in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 18.1% in the 2nd quarter. Rockland Trust Co. now owns 10,821 shares of the company’s stock worth $844,000 after buying an additional 1,662 shares during the last quarter. MTM Financial Group LLC raised its position in JPMorgan Small & Mid Cap Enhanced Equity ETF by 25.2% during the first quarter. MTM Financial Group LLC now owns 8,158 shares of the company’s stock valued at $545,000 after purchasing an additional 1,642 shares in the last quarter. Western Wealth Management LLC lifted its position in JPMorgan Small & Mid Cap Enhanced Equity ETF by 3.2% in the 1st quarter. Western Wealth Management LLC now owns 11,522 shares of the company’s stock worth $769,000 after buying an additional 355 shares during the last quarter. Finally, Curry Webb Wealth Management LLC bought a new position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF during the 1st quarter valued at $2,419,000.

JPMorgan Small & Mid Cap Enhanced Equity ETF Trading Up 0.6%

JPMorgan Small & Mid Cap Enhanced Equity ETF stock traded up $0.45 during trading on Thursday, hitting $79.75. 26,672 shares of the company were exchanged, compared to its average volume of 136,667. The company has a market capitalization of $2.99 billion, a P/E ratio of 17.83 and a beta of 1.02. The business’s 50 day moving average is $76.64 and its 200 day moving average is $72.42. JPMorgan Small & Mid Cap Enhanced Equity ETF has a 52 week low of $60.60 and a 52 week high of $79.81.

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.