Short Interest in JPMorgan Equity Focus ETF (NASDAQ:JPEF) Expands By 163.9%

JPMorgan Equity Focus ETF (NASDAQ:JPEF) was the recipient of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 142,528 shares, an increase of 163.9% from the May 14th total of 54,015 shares. Based on an average daily volume of 75,697 shares, the days-to-cover ratio is presently 1.9 days. Approximately 0.6% of the company’s shares are sold short.

Hedge Funds Weigh In On JPMorgan Equity Focus ETF

A number of hedge funds have recently bought and sold shares of the company. Contango Wealth Management LLC bought a new position in JPMorgan Equity Focus ETF in the first quarter worth $2,769,000. WNY Asset Management LLC acquired a new position in JPMorgan Equity Focus ETF in the first quarter valued at approximately $254,000. Western Wealth Management LLC acquired a new position in JPMorgan Equity Focus ETF in the first quarter valued at approximately $62,000. Royal Bank of Canada lifted its holdings in JPMorgan Equity Focus ETF by 11.6% in the first quarter. Royal Bank of Canada now owns 259,526 shares of the company’s stock valued at $18,636,000 after acquiring an additional 27,048 shares during the period. Finally, Cetera Investment Advisers boosted its position in JPMorgan Equity Focus ETF by 94.9% during the first quarter. Cetera Investment Advisers now owns 1,075,233 shares of the company’s stock worth $77,212,000 after purchasing an additional 523,563 shares in the last quarter.

JPMorgan Equity Focus ETF Price Performance

Shares of NASDAQ:JPEF traded up $0.32 during mid-day trading on Friday, hitting $79.01. The company had a trading volume of 49,861 shares, compared to its average volume of 131,368. The firm has a fifty day moving average price of $78.19 and a 200 day moving average price of $75.95. The company has a market capitalization of $1.91 billion, a PE ratio of 26.67 and a beta of 0.96. JPMorgan Equity Focus ETF has a one year low of $67.28 and a one year high of $81.30.

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.