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

JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO) was the target of a large growth in short interest in 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. Currently, 4.0% of the company’s stock are sold short. Based on an average trading volume of 237,601 shares, the days-to-cover ratio is currently 11.2 days.

Institutional Investors Weigh In On JPMorgan Hedged Equity Laddered Overlay ETF

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

JPMorgan Hedged Equity Laddered Overlay ETF Stock Performance

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

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.