JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) Short Interest Down 34.7% in May

JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOMGet Free Report) saw a large decrease in short interest during the month of May. As of May 31st, there was short interest totalling 32,400 shares, a decrease of 34.7% from the May 15th total of 49,600 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 102,400 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On JPMorgan U.S. Momentum Factor ETF

Several large investors have recently bought and sold shares of JMOM. 5T Wealth LLC acquired a new position in shares of JPMorgan U.S. Momentum Factor ETF in the 4th quarter valued at $567,000. VisionPoint Advisory Group LLC bought a new position in JPMorgan U.S. Momentum Factor ETF during the fourth quarter worth about $281,000. AWM Capital LLC acquired a new position in JPMorgan U.S. Momentum Factor ETF in the fourth quarter valued at about $201,000. Kelly Financial Group LLC acquired a new position in JPMorgan U.S. Momentum Factor ETF in the fourth quarter valued at about $388,000. Finally, Raymond James Financial Inc. bought a new stake in shares of JPMorgan U.S. Momentum Factor ETF in the fourth quarter worth about $777,000.

JPMorgan U.S. Momentum Factor ETF Price Performance

Shares of NYSEARCA:JMOM opened at $61.72 on Thursday. The firm’s 50 day simple moving average is $58.88 and its 200 day simple moving average is $59.05. JPMorgan U.S. Momentum Factor ETF has a fifty-two week low of $48.68 and a fifty-two week high of $62.61. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of 26.05 and a beta of 1.04.

About JPMorgan U.S. Momentum Factor ETF

(Get Free Report)

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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