JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE – Get Free Report) saw a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 211,313 shares, an increase of 124.0% from the May 14th total of 94,321 shares. Based on an average daily volume of 122,964 shares, the days-to-cover ratio is currently 1.7 days. Currently, 0.6% of the shares of the stock are sold short.
JPMorgan Small & Mid Cap Enhanced Equity ETF Stock Up 0.8%
Shares of NYSEARCA JMEE opened at $76.46 on Friday. The stock has a market capitalization of $2.78 billion, a price-to-earnings ratio of 17.83 and a beta of 1.04. The stock’s fifty day simple moving average is $72.58 and its 200 day simple moving average is $69.08. JPMorgan Small & Mid Cap Enhanced Equity ETF has a 52-week low of $57.14 and a 52-week high of $76.87.
Hedge Funds Weigh In On JPMorgan Small & Mid Cap Enhanced Equity ETF
A number of hedge funds have recently modified their holdings of the stock. Breakwater Capital Group grew its holdings in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 5.0% in the 1st quarter. Breakwater Capital Group now owns 3,622 shares of the company’s stock worth $242,000 after acquiring an additional 172 shares during the last quarter. Dynamic Advisor Solutions LLC grew its holdings in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 4.3% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 4,889 shares of the company’s stock worth $315,000 after acquiring an additional 202 shares during the last quarter. Heritage Wealth Management Inc. grew its holdings in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 2.4% in the 1st quarter. Heritage Wealth Management Inc. now owns 9,011 shares of the company’s stock worth $602,000 after acquiring an additional 208 shares during the last quarter. Ashton Thomas Securities LLC grew its holdings in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 0.4% in the 4th quarter. Ashton Thomas Securities LLC now owns 51,976 shares of the company’s stock worth $3,346,000 after acquiring an additional 218 shares during the last quarter. Finally, Luts & Greenleigh Group Inc. grew its holdings in shares of JPMorgan Small & Mid Cap Enhanced Equity ETF by 4.7% in the 1st quarter. Luts & Greenleigh Group Inc. now owns 5,115 shares of the company’s stock worth $342,000 after acquiring an additional 231 shares during the last quarter.
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.
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