JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO) Stock Short Interest Climbs 99.6%

JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO) was the target of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 258,564 shares, a growth of 99.6% from the September 30th total of 129,557 shares. Based on an average daily volume of 289,689 shares, the short-interest ratio is presently 0.9 days. Approximately 0.4% of the company’s shares are short sold.

Institutional Trading of JPMorgan Hedged Equity Laddered Overlay ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Forvis Mazars Wealth Advisors LLC purchased a new stake in shares of JPMorgan Hedged Equity Laddered Overlay ETF in the 3rd quarter worth about $251,123,000. Bank of America Corp DE increased its position in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 9.3% during the first quarter. Bank of America Corp DE now owns 2,420,158 shares of the company’s stock valued at $154,672,000 after buying an additional 206,013 shares during the period. Bank of New York Mellon Corp increased its position in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 10.1% during the first quarter. Bank of New York Mellon Corp now owns 2,229,653 shares of the company’s stock valued at $142,497,000 after buying an additional 203,792 shares during the period. Cetera Investment Advisers increased its position in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 70.8% during the first quarter. Cetera Investment Advisers now owns 1,584,346 shares of the company’s stock valued at $101,256,000 after buying an additional 656,912 shares during the period. Finally, Peterson Wealth Advisors LLC raised its stake in JPMorgan Hedged Equity Laddered Overlay ETF by 4.9% in the third quarter. Peterson Wealth Advisors LLC now owns 769,019 shares of the company’s stock worth $53,193,000 after buying an additional 36,083 shares in the last quarter.

JPMorgan Hedged Equity Laddered Overlay ETF Stock Performance

Shares of HELO stock opened at $68.75 on Tuesday. The firm has a market cap of $4.85 billion, a P/E ratio of 25.99 and a beta of 0.56. JPMorgan Hedged Equity Laddered Overlay ETF has a fifty-two week low of $63.24 and a fifty-two week high of $70.23. The business’s 50 day moving average price is $69.41 and its 200-day moving average price is $67.71.

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.