JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) Stock Short Interest Declines 56.2%

JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM – Get Free Report) saw a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 29,391 shares, a decline of 56.2% from the September 15th total of 67,117 shares. Based on an average daily volume of 125,335 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

JPMorgan U.S. Momentum Factor ETF Stock Performance

Shares of NYSEARCA:JMOM traded down $0.09 on Thursday, hitting $81.99. 166,039 shares of the company were exchanged, compared to its average volume of 120,352. The company’s 50 day moving average price is $83.44 and its two-hundred day moving average price is $80.82. The firm has a market capitalization of $2.73 billion, a price-to-earnings ratio of 27.64 and a beta of 1.06. JPMorgan U.S. Momentum Factor ETF has a one year low of $64.82 and a one year high of $86.07.

Hedge Funds Weigh In On JPMorgan U.S. Momentum Factor ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Triumph Capital Management lifted its position in shares of JPMorgan U.S. Momentum Factor ETF by 33.2% during the 3rd quarter. Triumph Capital Management now owns 14,367 shares of the company’s stock worth $1,197,000 after buying an additional 3,583 shares during the period. Shore Point Advisors LLC boosted its stake in JPMorgan U.S. Momentum Factor ETF by 0.6% in the 3rd quarter. Shore Point Advisors LLC now owns 705,841 shares of the company’s stock valued at $58,832,000 after buying an additional 4,305 shares in the last quarter. RHS Financial LLC bought a new stake in JPMorgan U.S. Momentum Factor ETF in the third quarter valued at $299,000. Acropolis Investment Management LLC bought a new stake in JPMorgan U.S. Momentum Factor ETF in the third quarter valued at $163,000. Finally, First Heartland Consultants Inc. bought a new stake in JPMorgan U.S. Momentum Factor ETF in the third quarter valued at $213,000.

JPMorgan U.S. Momentum Factor ETF Company Profile

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for JPMorgan U.S. Momentum Factor ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan U.S. Momentum Factor ETF and related companies with MarketBeat.com's FREE daily email newsletter.