JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM – Get Free Report) was the recipient of a significant decline in short interest in June. As of June 30th, there was short interest totaling 26,827 shares, a decline of 73.1% from the June 15th total of 99,570 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 80,527 shares, the short-interest ratio is currently 0.3 days.
JPMorgan U.S. Momentum Factor ETF Stock Performance
JMOM traded down $0.17 on Friday, hitting $83.81. 62,968 shares of the company were exchanged, compared to its average volume of 110,146. JPMorgan U.S. Momentum Factor ETF has a fifty-two week low of $63.29 and a fifty-two week high of $85.64. The firm has a market capitalization of $2.51 billion, a P/E ratio of 27.64 and a beta of 1.06. The business’s fifty day moving average is $81.71 and its 200 day moving average is $74.45.
Institutional Investors Weigh In On JPMorgan U.S. Momentum Factor ETF
Several institutional investors have recently modified their holdings of the company. Contango Wealth Management LLC purchased a new position in JPMorgan U.S. Momentum Factor ETF in the 1st quarter valued at approximately $1,356,000. NewEdge Advisors LLC raised its holdings in JPMorgan U.S. Momentum Factor ETF by 2.2% during the first quarter. NewEdge Advisors LLC now owns 6,523 shares of the company’s stock worth $443,000 after purchasing an additional 139 shares during the last quarter. Bank of America Corp DE raised its holdings in JPMorgan U.S. Momentum Factor ETF by 7.3% during the first quarter. Bank of America Corp DE now owns 56,584 shares of the company’s stock worth $3,843,000 after purchasing an additional 3,873 shares during the last quarter. Cetera Investment Advisers boosted its position in JPMorgan U.S. Momentum Factor ETF by 4.7% during the first quarter. Cetera Investment Advisers now owns 41,980 shares of the company’s stock worth $2,851,000 after purchasing an additional 1,903 shares in the last quarter. Finally, Florida Financial Advisors LLC purchased a new stake in JPMorgan U.S. Momentum Factor ETF during the first quarter worth $209,000.
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.
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