JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) Short Interest Up 35.2% in August

JPMorgan U.S. Momentum Factor ETF (NYSEARCA:JMOM) was the recipient of a large growth in short interest in August. As of August 31st, there was short interest totaling 38,000 shares, a growth of 35.2% from the August 15th total of 28,100 shares. Based on an average daily volume of 71,300 shares, the short-interest ratio is currently 0.5 days. Approximately 0.2% of the shares of the stock are short sold. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily volume of 71,300 shares, the short-interest ratio is currently 0.5 days.

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

Hedge funds and other institutional investors have recently bought and sold shares of the business. Larson Financial Group LLC acquired a new stake in JPMorgan U.S. Momentum Factor ETF during the 1st quarter valued at $587,000. ROSS JOHNSON & Associates LLC acquired a new stake in shares of JPMorgan U.S. Momentum Factor ETF in the 1st quarter valued at $38,000. Cornerstone Wealth Management LLC increased its stake in shares of JPMorgan U.S. Momentum Factor ETF by 7.8% in the 1st quarter. Cornerstone Wealth Management LLC now owns 149,953 shares of the company’s stock valued at $8,451,000 after buying an additional 10,833 shares during the period. Professional Financial Advisors LLC increased its stake in shares of JPMorgan U.S. Momentum Factor ETF by 2.1% in the 1st quarter. Professional Financial Advisors LLC now owns 21,252 shares of the company’s stock valued at $1,198,000 after buying an additional 435 shares during the period. Finally, Blue Trust Inc. increased its stake in shares of JPMorgan U.S. Momentum Factor ETF by 3.8% in the 1st quarter. Blue Trust Inc. now owns 4,141,628 shares of the company’s stock valued at $233,422,000 after buying an additional 153,337 shares during the period.

JPMorgan U.S. Momentum Factor ETF Price Performance

JMOM stock opened at $67.90 on Friday. The business has a fifty day moving average price of $65.33 and a 200 day moving average price of $61.03. JPMorgan U.S. Momentum Factor ETF has a fifty-two week low of $48.68 and a fifty-two week high of $68.10. The stock has a market capitalization of $1.66 billion, a price-to-earnings ratio of 27.64 and a beta of 1.00.

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.