JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO) Sees Large Growth in Short Interest

JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO) was the target of a significant growth in short interest in February. As of February 13th, there was short interest totaling 161,808 shares, a growth of 21.1% from the January 29th total of 133,564 shares. Based on an average daily volume of 339,627 shares, the short-interest ratio is currently 0.5 days. Approximately 0.3% of the company’s stock are sold short. Approximately 0.3% of the company’s stock are sold short. Based on an average daily volume of 339,627 shares, the short-interest ratio is currently 0.5 days.

Hedge Funds Weigh In On JPMorgan Hedged Equity Laddered Overlay ETF

Several institutional investors and hedge funds have recently modified their holdings of HELO. LPL Financial LLC raised its position in shares of 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 purchasing an additional 549,559 shares during the last quarter. Osaic Holdings Inc. raised its holdings in JPMorgan Hedged Equity Laddered Overlay ETF by 1.1% in the second quarter. Osaic Holdings Inc. now owns 3,008,402 shares of the company’s stock worth $188,270,000 after buying an additional 31,657 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 7.8% in the third quarter. Envestnet Asset Management Inc. now owns 2,766,966 shares of the company’s stock worth $179,853,000 after buying an additional 200,643 shares in the last quarter. Forvis Mazars Wealth Advisors LLC lifted its stake in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 10.6% in the third quarter. Forvis Mazars Wealth Advisors LLC now owns 2,393,885 shares of the company’s stock worth $155,603,000 after buying an additional 230,295 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 22.4% during the third quarter. Bank of America Corp DE now owns 2,053,130 shares of the company’s stock valued at $133,453,000 after buying an additional 375,879 shares during the last quarter.

JPMorgan Hedged Equity Laddered Overlay ETF Stock Down 0.6%

Shares of HELO opened at $66.26 on Wednesday. The stock has a market cap of $3.74 billion, a P/E ratio of 25.99 and a beta of 0.58. The business’s 50 day moving average price is $66.80 and its 200-day moving average price is $65.76. JPMorgan Hedged Equity Laddered Overlay ETF has a 52 week low of $56.11 and a 52 week high of $67.60.

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.