JPMorgan Equity Focus ETF (NASDAQ:JPEF) Sees Large Drop in Short Interest

JPMorgan Equity Focus ETF (NASDAQ:JPEF) was the target of a large drop in short interest in March. As of March 31st, there was short interest totalling 11,700 shares, a drop of 7.9% from the March 15th total of 12,700 shares. Based on an average trading volume of 62,000 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of JPMorgan Equity Focus ETF

Several hedge funds and other institutional investors have recently modified their holdings of JPEF. ICA Group Wealth Management LLC acquired a new stake in shares of JPMorgan Equity Focus ETF in the fourth quarter worth $125,000. Private Advisor Group LLC acquired a new stake in JPMorgan Equity Focus ETF during the fourth quarter valued at $285,000. Tower Research Capital LLC TRC acquired a new stake in JPMorgan Equity Focus ETF during the third quarter valued at $542,000. International Assets Investment Management LLC acquired a new stake in JPMorgan Equity Focus ETF during the fourth quarter valued at $883,000. Finally, Envestnet Asset Management Inc. acquired a new stake in JPMorgan Equity Focus ETF during the third quarter valued at $1,343,000.

JPMorgan Equity Focus ETF Stock Down 0.2 %

JPEF opened at $57.42 on Wednesday. The firm has a market cap of $544.34 million, a PE ratio of 25.07 and a beta of 1.10. The business has a fifty day simple moving average of $58.11 and a 200-day simple moving average of $53.31. JPMorgan Equity Focus ETF has a fifty-two week low of $45.27 and a fifty-two week high of $60.55.

About JPMorgan Equity Focus ETF

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.