JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM – Get Free Report) saw a large drop in short interest in the month of May. As of May 31st, there was short interest totalling 32,400 shares, a drop of 34.7% from the May 15th total of 49,600 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 102,400 shares, the short-interest ratio is currently 0.3 days.
JPMorgan U.S. Momentum Factor ETF Price Performance
Shares of JMOM opened at $61.72 on Thursday. The firm has a 50-day moving average of $58.88 and a 200-day moving average of $59.05. JPMorgan U.S. Momentum Factor ETF has a one year low of $48.68 and a one year high of $62.61. The company has a market cap of $1.48 billion, a PE ratio of 26.05 and a beta of 1.04.
Institutional Trading of JPMorgan U.S. Momentum Factor ETF
Hedge funds and other institutional investors have recently bought and sold shares of the business. Blue Oak Capital LLC increased its holdings in JPMorgan U.S. Momentum Factor ETF by 64.5% in the 1st quarter. Blue Oak Capital LLC now owns 22,550 shares of the company’s stock valued at $1,271,000 after buying an additional 8,839 shares during the period. Belpointe Asset Management LLC bought a new position in JPMorgan U.S. Momentum Factor ETF in the 1st quarter valued at about $680,000. Jane Street Group LLC bought a new position in JPMorgan U.S. Momentum Factor ETF in the 1st quarter valued at about $1,790,000. ROSS JOHNSON & Associates LLC bought a new position in JPMorgan U.S. Momentum Factor ETF in the 1st quarter valued at about $38,000. Finally, Legacy Wealth Managment LLC ID bought a new position in JPMorgan U.S. Momentum Factor ETF in the 1st quarter valued at about $88,000.
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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