JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) Short Interest Up 185.9% in April

JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) saw a large growth in short interest in the month of April. As of April 15th, there was short interest totaling 145,001 shares, a growth of 185.9% from the March 31st total of 50,726 shares. Based on an average trading volume of 108,524 shares, the days-to-cover ratio is currently 1.3 days. Approximately 0.5% of the shares of the company are short sold.

Institutional Trading of JPMorgan U.S. Momentum Factor ETF

Institutional investors have recently modified their holdings of the company. Asempa Wealth Advisors acquired a new stake in shares of JPMorgan U.S. Momentum Factor ETF in the fourth quarter valued at $515,000. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of JPMorgan U.S. Momentum Factor ETF by 2.6% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 11,896,007 shares of the company’s stock valued at $804,527,000 after purchasing an additional 301,812 shares during the last quarter. Elevation Capital Advisory LLC purchased a new stake in shares of JPMorgan U.S. Momentum Factor ETF during the third quarter valued at $2,512,000. Miracle Mile Advisors LLC purchased a new stake in shares of JPMorgan U.S. Momentum Factor ETF during the third quarter valued at $1,636,000. Finally, Blue Trust Inc. lifted its holdings in shares of JPMorgan U.S. Momentum Factor ETF by 9.2% during the fourth quarter. Blue Trust Inc. now owns 4,683,934 shares of the company’s stock valued at $319,210,000 after purchasing an additional 395,006 shares during the last quarter.

JPMorgan U.S. Momentum Factor ETF Stock Up 0.9%

JMOM stock traded up $0.69 during trading on Friday, reaching $75.84. 68,893 shares of the company’s stock were exchanged, compared to its average volume of 123,255. JPMorgan U.S. Momentum Factor ETF has a 1-year low of $55.87 and a 1-year high of $75.87. The company’s fifty day moving average price is $70.65 and its 200-day moving average price is $69.46. The firm has a market cap of $2.16 billion, a PE ratio of 27.64 and a beta of 1.05.

About JPMorgan U.S. Momentum Factor ETF

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.