Short Interest in JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE) Expands By 275.0%

JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE) was the recipient of a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 104,986 shares, a growth of 275.0% from the November 30th total of 27,993 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 114,512 shares, the days-to-cover ratio is currently 0.9 days. Based on an average daily volume of 114,512 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.3% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Main Street Group LTD bought a new stake in JPMorgan Small & Mid Cap Enhanced Equity ETF in the third quarter worth $30,000. Banco de Sabadell S.A purchased a new stake in JPMorgan Small & Mid Cap Enhanced Equity ETF during the 2nd quarter worth approximately $31,000. Ameritas Advisory Services LLC purchased a new stake in JPMorgan Small & Mid Cap Enhanced Equity ETF in the second quarter valued at approximately $54,000. Tripletail Wealth Management LLC purchased a new position in JPMorgan Small & Mid Cap Enhanced Equity ETF during the third quarter valued at approximately $59,000. Finally, Steward Partners Investment Advisory LLC grew its position in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 80.1% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,421 shares of the company’s stock valued at $84,000 after acquiring an additional 632 shares during the period.

JPMorgan Small & Mid Cap Enhanced Equity ETF Stock Performance

Shares of JMEE stock traded down $0.04 during mid-day trading on Friday, hitting $65.79. The company’s stock had a trading volume of 75,297 shares, compared to its average volume of 151,594. JPMorgan Small & Mid Cap Enhanced Equity ETF has a 52 week low of $48.18 and a 52 week high of $67.18. The company has a market cap of $2.13 billion, a PE ratio of 17.83 and a beta of 1.09. The company’s fifty day simple moving average is $64.21 and its 200-day simple moving average is $62.38.

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.