Short Interest in JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO) Expands By 254.3%

JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO) was the target of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 142,150 shares, a growth of 254.3% from the June 15th total of 40,121 shares. Based on an average trading volume of 340,726 shares, the short-interest ratio is currently 0.4 days. Approximately 0.2% of the shares of the company are sold short.

Hedge Funds Weigh In On JPMorgan Hedged Equity Laddered Overlay ETF

A number of hedge funds and other institutional investors have recently modified their holdings of HELO. Jane Street Group LLC boosted its stake in JPMorgan Hedged Equity Laddered Overlay ETF by 13.7% during 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 increased its position in 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 valued at $4,574,000 after acquiring an additional 23,263 shares during the last quarter. Raymond James Financial Inc. raised its holdings in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 9.7% in the second quarter. Raymond James Financial Inc. now owns 1,591,028 shares of the company’s stock worth $99,566,000 after buying an additional 140,094 shares during the period. NCM Capital Management LLC raised its holdings in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 30.3% in the second quarter. NCM Capital Management LLC now owns 20,003 shares of the company’s stock worth $1,252,000 after buying an additional 4,654 shares during the period. Finally, Bank of America Corp DE increased its stake in 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 worth $104,962,000 after buying an additional 334,184 shares during the period.

JPMorgan Hedged Equity Laddered Overlay ETF Price Performance

NYSEARCA HELO opened at $68.33 on Monday. The stock’s 50-day moving average price is $67.68 and its 200-day moving average price is $66.75. The company has a market capitalization of $3.99 billion, a P/E ratio of 25.99 and a beta of 0.57. JPMorgan Hedged Equity Laddered Overlay ETF has a 52 week low of $62.64 and a 52 week high of $68.35.

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.