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

by · The Cerbat Gem

JPMorgan Dividend Leaders ETF (NYSEARCA:JDIV – Get Free Report) was the target of a significant decline in short interest in the month of April. As of April 30th, there was short interest totaling 4,490 shares, a decline of 58.3% from the April 15th total of 10,777 shares. Currently, 2.2% of the shares of the company are short sold. Based on an average daily volume of 1,211 shares, the short-interest ratio is currently 3.7 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in JPMorgan Dividend Leaders ETF stock. Benjamin Edwards Inc. lifted its stake in JPMorgan Dividend Leaders ETF (NYSEARCA:JDIV – Free Report) by 6.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,072 shares of the company’s stock after acquiring an additional 1,279 shares during the period. Benjamin Edwards Inc. owned approximately 14.05% of JPMorgan Dividend Leaders ETF worth $1,090,000 at the end of the most recent reporting period.

JPMorgan Dividend Leaders ETF Price Performance

Shares of NYSEARCA JDIV traded down $0.87 during trading hours on Friday, hitting $55.17. 247 shares of the company’s stock were exchanged, compared to its average volume of 1,104. The company’s 50-day moving average price is $54.43 and its 200-day moving average price is $54.49. JPMorgan Dividend Leaders ETF has a 1-year low of $49.14 and a 1-year high of $56.79. The stock has a market capitalization of $11.03 million, a price-to-earnings ratio of 20.22 and a beta of 0.69.

About JPMorgan Dividend Leaders ETF

(Get Free Report)

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.

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