JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO) Short Interest Up 1,773.5% in July

JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO) was the recipient of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 2,663,120 shares, an increase of 1,773.5% from the June 30th total of 142,150 shares. Based on an average daily volume of 237,601 shares, the short-interest ratio is presently 11.2 days. Approximately 4.0% of the shares of the stock are short sold.

JPMorgan Hedged Equity Laddered Overlay ETF Trading Up 0.0%

Shares of HELO traded up $0.03 during midday trading on Friday, reaching $67.58. The stock had a trading volume of 337,955 shares, compared to its average volume of 352,089. The company has a market capitalization of $4.51 billion, a price-to-earnings ratio of 25.99 and a beta of 0.57. The company’s 50-day moving average is $67.73 and its 200 day moving average is $66.83. JPMorgan Hedged Equity Laddered Overlay ETF has a 12-month low of $62.64 and a 12-month high of $68.40.

Institutional Trading of JPMorgan Hedged Equity Laddered Overlay ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Jane Street Group LLC lifted its holdings in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 13.7% in the 1st quarter. Jane Street Group LLC now owns 80,796 shares of the company’s stock worth $4,822,000 after acquiring an additional 9,713 shares during the last quarter. NewEdge Advisors LLC grew its holdings in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 46.7% during the 2nd quarter. NewEdge Advisors LLC now owns 73,096 shares of the company’s stock valued at $4,574,000 after purchasing an additional 23,263 shares during the last quarter. Raymond James Financial Inc. raised its position in JPMorgan Hedged Equity Laddered Overlay ETF by 9.7% in the 2nd quarter. Raymond James Financial Inc. now owns 1,591,028 shares of the company’s stock worth $99,566,000 after purchasing an additional 140,094 shares during the period. NCM Capital Management LLC raised its position in JPMorgan Hedged Equity Laddered Overlay ETF by 30.3% in the 2nd quarter. NCM Capital Management LLC now owns 20,003 shares of the company’s stock worth $1,252,000 after purchasing an additional 4,654 shares during the period. Finally, Bank of America Corp DE lifted its stake in JPMorgan Hedged Equity Laddered Overlay ETF by 24.9% in the second quarter. Bank of America Corp DE now owns 1,677,251 shares of the company’s stock worth $104,962,000 after purchasing an additional 334,184 shares during 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.