JPMorgan Equity Focus ETF (NASDAQ:JPEF) Short Interest Up 163.9% in May

JPMorgan Equity Focus ETF (NASDAQ:JPEF) saw a significant increase in short interest in May. As of May 29th, there was short interest totaling 142,528 shares, an increase of 163.9% from the May 14th total of 54,015 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average daily volume of 75,697 shares, the days-to-cover ratio is currently 1.9 days.

JPMorgan Equity Focus ETF Stock Up 0.4%

JPMorgan Equity Focus ETF stock traded up $0.32 during mid-day trading on Friday, reaching $79.01. 49,861 shares of the company’s stock traded hands, compared to its average volume of 131,368. The company has a market cap of $1.91 billion, a price-to-earnings ratio of 26.67 and a beta of 0.96. The stock has a 50 day moving average of $78.19 and a two-hundred day moving average of $75.95. JPMorgan Equity Focus ETF has a 12-month low of $67.28 and a 12-month high of $81.30.

Institutional Investors Weigh In On JPMorgan Equity Focus ETF

Hedge funds have recently bought and sold shares of the business. Moneco Advisors LLC raised its stake in JPMorgan Equity Focus ETF by 3.7% during the fourth quarter. Moneco Advisors LLC now owns 232,019 shares of the company’s stock valued at $17,329,000 after purchasing an additional 8,240 shares in the last quarter. Balance Wealth LLC increased its position in JPMorgan Equity Focus ETF by 5.7% during the fourth quarter. Balance Wealth LLC now owns 363,655 shares of the company’s stock valued at $27,160,000 after acquiring an additional 19,563 shares during the last quarter. Stratos Wealth Partners LTD. increased its position in JPMorgan Equity Focus ETF by 2.6% during the fourth quarter. Stratos Wealth Partners LTD. now owns 319,251 shares of the company’s stock valued at $23,844,000 after acquiring an additional 8,196 shares during the last quarter. Cary Street Partners Financial LLC increased its position in JPMorgan Equity Focus ETF by 34.1% during the third quarter. Cary Street Partners Financial LLC now owns 66,422 shares of the company’s stock valued at $4,921,000 after acquiring an additional 16,886 shares during the last quarter. Finally, AlphaCore Capital LLC bought a new position in JPMorgan Equity Focus ETF during the fourth quarter valued at $10,752,000.

JPMorgan Equity Focus ETF Company Profile

The JPMorgan Equity Focus ETF (JPEF) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed ETF that provides exposure to a narrow basket of US stocks. Selection integrates ESG factors to their bottom-up fundamental analysis. JPEF was launched on Jul 28, 2023 and is issued by JPMorgan Chase.