Short Interest in JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO) Decreases By 94.8%

JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO) saw a significant decrease in short interest in July. As of July 31st, there was short interest totaling 139,239 shares, a decrease of 94.8% from the July 15th total of 2,663,120 shares. Based on an average trading volume of 746,142 shares, the short-interest ratio is currently 0.2 days. Currently, 0.2% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC lifted its stake in JPMorgan Hedged Equity Laddered Overlay ETF by 13.7% in the first quarter. Jane Street Group LLC now owns 80,796 shares of the company’s stock valued at $4,822,000 after buying an additional 9,713 shares during the last quarter. NewEdge Advisors LLC grew its position in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 46.7% during the second quarter. NewEdge Advisors LLC now owns 73,096 shares of the company’s stock worth $4,574,000 after acquiring an additional 23,263 shares during the last quarter. Raymond James Financial Inc. grew its position in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 9.7% during the second quarter. Raymond James Financial Inc. now owns 1,591,028 shares of the company’s stock worth $99,566,000 after acquiring an additional 140,094 shares during the last quarter. NCM Capital Management LLC increased its holdings in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 30.3% in the 2nd quarter. NCM Capital Management LLC now owns 20,003 shares of the company’s stock valued at $1,252,000 after acquiring an additional 4,654 shares during the period. Finally, Bank of America Corp DE increased its holdings in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 24.9% in the 2nd quarter. Bank of America Corp DE now owns 1,677,251 shares of the company’s stock valued at $104,962,000 after acquiring an additional 334,184 shares during the period.

JPMorgan Hedged Equity Laddered Overlay ETF Stock Performance

Shares of HELO stock traded down $0.09 during mid-day trading on Tuesday, hitting $69.72. 178,806 shares of the stock were exchanged, compared to its average volume of 344,317. The stock’s fifty day simple moving average is $67.97 and its two-hundred day simple moving average is $67.01. JPMorgan Hedged Equity Laddered Overlay ETF has a 12-month low of $63.24 and a 12-month high of $69.93. The stock has a market capitalization of $4.71 billion, a price-to-earnings ratio of 25.99 and a beta of 0.56.

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.