JPMorgan Equity Focus ETF (NASDAQ:JPEF) Sees Significant Decrease in Short Interest

JPMorgan Equity Focus ETF (NASDAQ:JPEF) was the target of a significant drop in short interest in July. As of July 15th, there was short interest totaling 62,331 shares, a drop of 54.6% from the June 30th total of 137,414 shares. Based on an average daily trading volume, of 94,919 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.3% of the shares of the stock are sold short.

Institutional Trading of JPMorgan Equity Focus ETF

Several institutional investors and hedge funds have recently modified their holdings of JPEF. Qube Research & Technologies Ltd purchased a new position in shares of JPMorgan Equity Focus ETF during the 3rd quarter worth approximately $54,000. Ascentis Independent Advisors acquired a new stake in JPMorgan Equity Focus ETF during the 1st quarter valued at $55,000. Godsey & Gibb Inc. acquired a new stake in JPMorgan Equity Focus ETF during the 4th quarter valued at $58,000. Western Wealth Management LLC purchased a new position in JPMorgan Equity Focus ETF during the first quarter worth $62,000. Finally, Root Financial Partners LLC increased its position in JPMorgan Equity Focus ETF by 470.8% during the fourth quarter. Root Financial Partners LLC now owns 879 shares of the company’s stock worth $66,000 after buying an additional 725 shares in the last quarter.

JPMorgan Equity Focus ETF Stock Up 0.1%

Shares of JPMorgan Equity Focus ETF stock traded up $0.06 on Tuesday, hitting $79.07. The company’s stock had a trading volume of 76,521 shares, compared to its average volume of 125,082. JPMorgan Equity Focus ETF has a 52-week low of $69.61 and a 52-week high of $81.30. The firm has a fifty day moving average price of $79.87 and a 200-day moving average price of $76.99. The company has a market capitalization of $1.96 billion, a P/E ratio of 26.67 and a beta of 0.96.

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.