Short Interest in JPMorgan Equity Focus ETF (NASDAQ:JPEF) Drops By 54.6%

JPMorgan Equity Focus ETF (NASDAQ:JPEF) was the recipient of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 62,331 shares, a decrease of 54.6% from the June 30th total of 137,414 shares. Based on an average daily trading volume, of 94,919 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.3% of the company’s stock are short sold.

JPMorgan Equity Focus ETF Price Performance

NASDAQ JPEF traded up $1.23 during mid-day trading on Thursday, reaching $79.03. The stock had a trading volume of 33,669 shares, compared to its average volume of 124,163. JPMorgan Equity Focus ETF has a 1 year low of $69.61 and a 1 year high of $81.30. The stock has a market cap of $1.95 billion, a PE ratio of 26.67 and a beta of 0.96. The company has a fifty day moving average price of $79.83 and a 200 day moving average price of $77.04.

Institutional Trading of JPMorgan Equity Focus ETF

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

JPMorgan Equity Focus ETF Company Profile

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.