JPMorgan Equity Focus ETF (NASDAQ:JPEF) Short Interest Up 163.9% in May

JPMorgan Equity Focus ETF (NASDAQ:JPEF) was the recipient of a significant 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. Currently, 0.6% of the company’s shares are short sold. Based on an average daily volume of 75,697 shares, the short-interest ratio is currently 1.9 days.

JPMorgan Equity Focus ETF Stock Performance

JPMorgan Equity Focus ETF stock traded up $0.32 during midday trading on Friday, hitting $79.01. 49,861 shares of the company’s stock were exchanged, compared to its average volume of 131,368. JPMorgan Equity Focus ETF has a 12 month low of $67.28 and a 12 month high of $81.30. The firm has a 50-day moving average of $78.19 and a two-hundred day moving average of $75.95. The company has a market cap of $1.91 billion, a PE ratio of 26.67 and a beta of 0.96.

Hedge Funds Weigh In On JPMorgan Equity Focus ETF

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

About JPMorgan Equity Focus ETF

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.