JPMorgan Small & Mid Cap Enhanced Equity ETF (NYSEARCA:JMEE – Get Free Report) was the target of a significant drop in short interest in July. As of July 15th, there was short interest totaling 25,960 shares, a drop of 84.8% from the June 30th total of 170,421 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 136,973 shares, the short-interest ratio is currently 0.2 days.
JPMorgan Small & Mid Cap Enhanced Equity ETF Price Performance
Shares of NYSEARCA JMEE traded up $0.18 during mid-day trading on Friday, reaching $76.59. 55,568 shares of the company traded hands, compared to its average volume of 142,303. JPMorgan Small & Mid Cap Enhanced Equity ETF has a fifty-two week low of $58.33 and a fifty-two week high of $78.23. The firm has a market cap of $2.86 billion, a PE ratio of 17.83 and a beta of 1.02. The stock has a fifty day simple moving average of $75.62 and a 200-day simple moving average of $71.48.
Hedge Funds Weigh In On JPMorgan Small & Mid Cap Enhanced Equity ETF
Hedge funds have recently modified their holdings of the company. Breakwater Capital Group raised its stake 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 buying an additional 172 shares in the last quarter. Dynamic Advisor Solutions LLC boosted its stake in JPMorgan Small & Mid Cap Enhanced Equity ETF by 4.3% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 4,889 shares of the company’s stock valued at $315,000 after buying an additional 202 shares in the last quarter. Heritage Wealth Management Inc. boosted its stake in JPMorgan Small & Mid Cap Enhanced Equity ETF by 2.4% during the first quarter. Heritage Wealth Management Inc. now owns 9,011 shares of the company’s stock valued at $602,000 after buying an additional 208 shares in the last quarter. Ashton Thomas Securities LLC grew its holdings in JPMorgan Small & Mid Cap Enhanced Equity ETF by 0.4% during the fourth 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 period. Finally, Luts & Greenleigh Group Inc. grew its holdings in JPMorgan Small & Mid Cap Enhanced Equity ETF by 4.7% during the first 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 period.
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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