JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) Sees Significant Increase in Short Interest

JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) saw a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 98,094 shares, an increase of 145.4% from the July 30th total of 39,970 shares. Based on an average daily volume of 128,392 shares, the short-interest ratio is presently 0.8 days. Approximately 0.3% of the shares of the company are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Blue Trust Inc. lifted its position in JPMorgan U.S. Momentum Factor ETF by 1.8% during the 1st quarter. Blue Trust Inc. now owns 4,767,446 shares of the company’s stock worth $323,805,000 after acquiring an additional 83,512 shares during the last quarter. Equitable Holdings Inc. lifted its position in shares of JPMorgan U.S. Momentum Factor ETF by 11.3% during the 4th quarter. Equitable Holdings Inc. now owns 1,109,250 shares of the company’s stock worth $75,595,000 after purchasing an additional 112,669 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of JPMorgan U.S. Momentum Factor ETF by 16,222.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 904,112 shares of the company’s stock worth $61,615,000 after purchasing an additional 898,573 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in JPMorgan U.S. Momentum Factor ETF by 8.9% during the 4th quarter. JPMorgan Chase & Co. now owns 577,984 shares of the company’s stock valued at $39,390,000 after purchasing an additional 47,365 shares during the period. Finally, LPL Financial LLC boosted its stake in JPMorgan U.S. Momentum Factor ETF by 1.5% during the 4th quarter. LPL Financial LLC now owns 372,673 shares of the company’s stock valued at $25,398,000 after purchasing an additional 5,466 shares during the period.

JPMorgan U.S. Momentum Factor ETF Stock Down 1.1%

Shares of NYSEARCA:JMOM traded down $0.96 during trading on Friday, reaching $82.59. The stock had a trading volume of 58,056 shares, compared to its average volume of 115,865. JPMorgan U.S. Momentum Factor ETF has a 52 week low of $64.61 and a 52 week high of $85.91. The firm has a market capitalization of $2.56 billion, a price-to-earnings ratio of 27.64 and a beta of 1.06. The stock has a fifty day simple moving average of $83.02 and a two-hundred day simple moving average of $77.57.

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.