JPMorgan Dividend Leaders ETF (NYSEARCA:JDIV – Get Free Report) was the target of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 4,886 shares, an increase of 224.0% from the August 15th total of 1,508 shares. Currently, 2.2% of the shares of the company are sold short. Based on an average daily volume of 3,054 shares, the days-to-cover ratio is presently 1.6 days.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the business. Benjamin Edwards Inc. raised its holdings in JPMorgan Dividend Leaders ETF by 6.5% during the 2nd quarter. Benjamin Edwards Inc. now owns 21,072 shares of the company’s stock valued at $1,090,000 after acquiring an additional 1,279 shares during the period. Citadel Advisors LLC boosted its holdings in shares of JPMorgan Dividend Leaders ETF by 80.4% in the second quarter. Citadel Advisors LLC now owns 18,133 shares of the company’s stock worth $1,022,000 after acquiring an additional 8,082 shares during the period. Finally, Integrated Wealth Concepts LLC purchased a new position in shares of JPMorgan Dividend Leaders ETF in the second quarter valued at $325,000.
JPMorgan Dividend Leaders ETF Price Performance
Shares of JDIV traded up $0.42 during trading hours on Friday, hitting $57.35. The company’s stock had a trading volume of 400 shares, compared to its average volume of 1,302. The company has a market cap of $12.62 million, a price-to-earnings ratio of 20.22 and a beta of 0.63. The business has a 50 day simple moving average of $57.51 and a two-hundred day simple moving average of $56.04. JPMorgan Dividend Leaders ETF has a 52-week low of $51.34 and a 52-week high of $58.83.
JPMorgan Dividend Leaders ETF Company Profile
The JPMorgan U.S. Dividend ETF (JDIV) is an exchange-traded fund that is based on the JP Morgan US Dividend index. The fund tracks an index of US large-cap equities with higher dividend yields, weighted for greater exposure to sectors with high risk-adjusted dividend yields. JDIV was launched on Sep 25, 2024 and is issued by JPMorgan Chase.
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