JPMorgan Dividend Leaders ETF (NYSEARCA:JDIV) Sees Significant Growth in Short Interest

JPMorgan Dividend Leaders ETF (NYSEARCA:JDIV) saw a significant growth in short interest in February. As of February 27th, there was short interest totaling 9,118 shares, a growth of 45.3% from the February 12th total of 6,277 shares. Currently, 5.4% of the shares of the stock are sold short. Based on an average daily volume of 1,090 shares, the days-to-cover ratio is currently 8.4 days. Based on an average daily volume of 1,090 shares, the days-to-cover ratio is currently 8.4 days. Currently, 5.4% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in JPMorgan Dividend Leaders ETF stock. Benjamin Edwards Inc. raised its stake in shares of JPMorgan Dividend Leaders ETF (NYSEARCA:JDIV) by 6.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 21,072 shares of the company’s stock after acquiring an additional 1,279 shares during the quarter. Benjamin Edwards Inc. owned approximately 14.05% of JPMorgan Dividend Leaders ETF worth $1,090,000 as of its most recent filing with the SEC.

JPMorgan Dividend Leaders ETF Trading Down 0.6%

Shares of JDIV opened at $53.09 on Monday. JPMorgan Dividend Leaders ETF has a 1 year low of $42.03 and a 1 year high of $56.79. The stock has a 50 day simple moving average of $55.28 and a 200-day simple moving average of $54.19. The stock has a market cap of $9.03 million, a PE ratio of 20.22 and a beta of 0.85.

About JPMorgan Dividend Leaders ETF

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.