JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM – Get Free Report) was the target of a large drop in short interest in the month of March. As of March 13th, there was short interest totaling 48,600 shares, a drop of 15.7% from the February 26th total of 57,640 shares. Based on an average trading volume of 123,061 shares, the short-interest ratio is presently 0.4 days. Approximately 0.2% of the company’s shares are short sold.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the stock. Federation des caisses Desjardins du Quebec purchased a new stake in shares of JPMorgan U.S. Momentum Factor ETF in the fourth quarter worth about $39,000. Hazlett Burt & Watson Inc. acquired a new stake in shares of JPMorgan U.S. Momentum Factor ETF in the third quarter valued at about $44,000. Smartleaf Asset Management LLC raised its holdings in shares of JPMorgan U.S. Momentum Factor ETF by 334.8% during the 2nd quarter. Smartleaf Asset Management LLC now owns 687 shares of the company’s stock valued at $44,000 after buying an additional 529 shares during the period. Abich Financial Wealth Management LLC purchased a new stake in shares of JPMorgan U.S. Momentum Factor ETF during the 3rd quarter valued at about $51,000. Finally, Kestra Advisory Services LLC acquired a new position in JPMorgan U.S. Momentum Factor ETF during the 4th quarter worth approximately $53,000.
JPMorgan U.S. Momentum Factor ETF Stock Performance
NYSEARCA:JMOM opened at $66.49 on Monday. The firm’s fifty day simple moving average is $70.00 and its 200 day simple moving average is $68.89. JPMorgan U.S. Momentum Factor ETF has a twelve month low of $48.68 and a twelve month high of $71.65. The firm has a market capitalization of $1.83 billion, a price-to-earnings ratio of 27.64 and a beta of 1.04.
JPMorgan U.S. Momentum Factor ETF Company Profile
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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