JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO) Short Interest Up 1,773.5% in July

JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO) saw a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 2,663,120 shares, a growth of 1,773.5% from the June 30th total of 142,150 shares. Approximately 4.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 237,601 shares, the short-interest ratio is currently 11.2 days.

JPMorgan Hedged Equity Laddered Overlay ETF Stock Performance

JPMorgan Hedged Equity Laddered Overlay ETF stock traded up $0.03 during midday trading on Friday, hitting $67.58. 337,955 shares of the company’s stock were exchanged, compared to its average volume of 352,089. The company has a market cap of $4.51 billion, a P/E ratio of 25.99 and a beta of 0.57. The stock has a 50-day moving average price of $67.73 and a two-hundred day moving average price of $66.83. JPMorgan Hedged Equity Laddered Overlay ETF has a 52-week low of $62.64 and a 52-week high of $68.40.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. LPL Financial LLC raised its stake in JPMorgan Hedged Equity Laddered Overlay ETF by 20.8% in the fourth quarter. LPL Financial LLC now owns 3,189,556 shares of the company’s stock valued at $211,882,000 after purchasing an additional 549,559 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 9.3% in the 1st quarter. Bank of America Corp DE now owns 2,420,158 shares of the company’s stock worth $154,672,000 after buying an additional 206,013 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 10.1% in the 1st quarter. Bank of New York Mellon Corp now owns 2,229,653 shares of the company’s stock worth $142,497,000 after buying an additional 203,792 shares during the last quarter. Raymond James Financial Inc. raised its position in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 26.6% during the 4th quarter. Raymond James Financial Inc. now owns 1,742,174 shares of the company’s stock valued at $115,733,000 after buying an additional 365,572 shares in the last quarter. Finally, Cetera Investment Advisers raised its position in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 70.8% during the 1st quarter. Cetera Investment Advisers now owns 1,584,346 shares of the company’s stock valued at $101,256,000 after buying an additional 656,912 shares in the last quarter.

JPMorgan Hedged Equity Laddered Overlay ETF Company Profile

The JPMorgan Hedged Equity Laddered Overlay ETF JPMorgan Hedged Equity Laddered Overlay ETF (HELO) is an exchange-traded fund that mostly invests in large cap equity. The fund actively manages a large-cap US equity portfolio with a laddered options overlay that seeks to provide downside protection, while foregoing some upside potential. The fund aims for enhanced risk-adjusted return over a full market cycle with lower volatility than traditional equity strategies HELO was launched on Sep 28, 2023 and is issued by JPMorgan Chase.