JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO) Short Interest Down 65.8% in June

JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO) was the target of a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 40,121 shares, a decline of 65.8% from the May 31st total of 117,225 shares. Based on an average daily volume of 407,433 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are sold short.

JPMorgan Hedged Equity Laddered Overlay ETF Stock Performance

NYSEARCA:HELO traded up $0.04 during trading on Friday, reaching $67.08. The company’s stock had a trading volume of 181,742 shares, compared to its average volume of 321,338. JPMorgan Hedged Equity Laddered Overlay ETF has a 12 month low of $62.36 and a 12 month high of $68.28. The firm has a market cap of $3.99 billion, a price-to-earnings ratio of 25.99 and a beta of 0.57. The firm has a 50 day moving average of $67.55 and a 200-day moving average of $66.64.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of HELO. Harbor Asset Planning Inc. increased its position in JPMorgan Hedged Equity Laddered Overlay ETF by 9.8% in the first quarter. Harbor Asset Planning Inc. now owns 1,705 shares of the company’s stock worth $109,000 after buying an additional 152 shares during the last quarter. Marks Group Wealth Management Inc raised its stake in JPMorgan Hedged Equity Laddered Overlay ETF by 2.9% in the 4th quarter. Marks Group Wealth Management Inc now owns 6,006 shares of the company’s stock valued at $399,000 after acquiring an additional 167 shares during the period. CAP Partners LLC lifted its holdings in JPMorgan Hedged Equity Laddered Overlay ETF by 2.2% during the first quarter. CAP Partners LLC now owns 8,674 shares of the company’s stock valued at $554,000 after purchasing an additional 190 shares during the last quarter. Cornerstone Wealth Management LLC boosted its position in JPMorgan Hedged Equity Laddered Overlay ETF by 5.0% during the fourth quarter. Cornerstone Wealth Management LLC now owns 4,209 shares of the company’s stock worth $280,000 after purchasing an additional 200 shares during the period. Finally, N.E.W. Advisory Services LLC increased its stake in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 12.2% in the fourth quarter. N.E.W. Advisory Services LLC now owns 1,963 shares of the company’s stock worth $130,000 after purchasing an additional 213 shares in the last quarter.

About JPMorgan Hedged Equity Laddered Overlay ETF

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.