Short Interest in JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) Drops By 54.1%

JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) was the recipient of a large drop in short interest in January. As of January 30th, there was short interest totaling 48,448 shares, a drop of 54.1% from the January 15th total of 105,553 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily volume of 207,862 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 207,862 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.2% of the shares of the stock are short sold.

JPMorgan U.S. Momentum Factor ETF Price Performance

Shares of JPMorgan U.S. Momentum Factor ETF stock traded down $1.07 during trading on Thursday, hitting $70.00. The stock had a trading volume of 75,805 shares, compared to its average volume of 133,504. The business has a fifty day moving average of $69.59 and a two-hundred day moving average of $67.84. JPMorgan U.S. Momentum Factor ETF has a fifty-two week low of $48.68 and a fifty-two week high of $71.66. The firm has a market cap of $1.92 billion, a P/E ratio of 27.64 and a beta of 1.04.

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

Several hedge funds have recently made changes to their positions in the business. Jane Street Group LLC bought a new stake in shares of JPMorgan U.S. Momentum Factor ETF in the 1st quarter worth approximately $1,790,000. CWM LLC increased its holdings in shares of JPMorgan U.S. Momentum Factor ETF by 5,589.3% in the second quarter. CWM LLC now owns 45,344 shares of the company’s stock valued at $2,915,000 after buying an additional 44,547 shares in the last quarter. MGO One Seven LLC acquired a new stake in shares of JPMorgan U.S. Momentum Factor ETF during the 2nd quarter valued at $224,000. Systelligence LLC acquired a new stake in shares of JPMorgan U.S. Momentum Factor ETF during the 2nd quarter valued at $9,583,000. Finally, MN Wealth Advisors LLC boosted its stake in shares of JPMorgan U.S. Momentum Factor ETF by 85.0% during the 2nd quarter. MN Wealth Advisors LLC now owns 14,748 shares of the company’s stock worth $948,000 after acquiring an additional 6,775 shares in the last quarter.

JPMorgan U.S. Momentum Factor ETF Company Profile

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.