JPMorgan Dividend Leaders ETF (NYSEARCA:JDIV) Sees Large Growth in Short Interest

JPMorgan Dividend Leaders ETF (NYSEARCA:JDIV) was the target of a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 4,806 shares, an increase of 44.2% from the December 31st total of 3,334 shares. Currently, 2.8% of the company’s stock are short sold. Based on an average daily volume of 498 shares, the days-to-cover ratio is presently 9.7 days. Based on an average daily volume of 498 shares, the days-to-cover ratio is presently 9.7 days. Currently, 2.8% of the company’s stock are short sold.

Hedge Funds Weigh In On JPMorgan Dividend Leaders ETF

A hedge fund recently raised its stake in JPMorgan Dividend Leaders ETF stock. Benjamin Edwards Inc. grew its position in JPMorgan Dividend Leaders ETF (NYSEARCA:JDIV) by 1.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 21,336 shares of the company’s stock after buying an additional 264 shares during the period. Benjamin Edwards Inc. owned approximately 14.22% of JPMorgan Dividend Leaders ETF worth $1,147,000 as of its most recent SEC filing.

JPMorgan Dividend Leaders ETF Stock Performance

JDIV stock opened at $54.91 on Friday. The firm has a 50 day moving average price of $54.30 and a 200-day moving average price of $53.52. JPMorgan Dividend Leaders ETF has a 52-week low of $42.03 and a 52-week high of $55.57. The firm has a market capitalization of $9.33 million, a price-to-earnings ratio of 20.22 and a beta of 0.85.

JPMorgan Dividend Leaders ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Monday, December 15th were paid a $0.2158 dividend. This is an increase from JPMorgan Dividend Leaders ETF’s previous quarterly dividend of $0.17. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Monday, December 15th.

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.