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

JPMorgan Dividend Leaders ETF (NYSEARCA:JDIV) was the recipient of a large growth in short interest in January. As of January 15th, there was short interest totaling 4,806 shares, a growth of 44.2% from the December 31st total of 3,334 shares. Based on an average daily volume of 498 shares, the short-interest ratio is currently 9.7 days. Approximately 2.8% of the shares of the stock are sold short. Approximately 2.8% of the shares of the stock are sold short. Based on an average daily volume of 498 shares, the short-interest ratio is currently 9.7 days.

Hedge Funds Weigh In On JPMorgan Dividend Leaders ETF

An institutional investor recently raised its position in JPMorgan Dividend Leaders ETF stock. Benjamin Edwards Inc. raised its holdings in JPMorgan Dividend Leaders ETF (NYSEARCA:JDIV) by 6.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,072 shares of the company’s stock after purchasing an additional 1,279 shares during the period. Benjamin Edwards Inc. owned 14.05% of JPMorgan Dividend Leaders ETF worth $1,090,000 at the end of the most recent reporting period.

JPMorgan Dividend Leaders ETF Stock Performance

Shares of JDIV stock opened at $55.17 on Tuesday. The stock has a fifty day moving average price of $54.34 and a 200 day moving average price of $53.56. The stock has a market cap of $9.38 million, a PE ratio of 20.22 and a beta of 0.85. JPMorgan Dividend Leaders ETF has a 1 year low of $42.03 and a 1 year high of $55.57.

JPMorgan Dividend Leaders ETF Increases Dividend

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

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.