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 recipient of a significant decline in short interest in 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. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 407,433 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On JPMorgan Hedged Equity Laddered Overlay ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Brookstone Capital Management lifted its stake in JPMorgan Hedged Equity Laddered Overlay ETF by 22.8% during the 4th quarter. Brookstone Capital Management now owns 240,598 shares of the company’s stock valued at $15,983,000 after acquiring an additional 44,712 shares during the period. Aspire Capital Advisors LLC grew its stake in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 4.6% in the fourth quarter. Aspire Capital Advisors LLC now owns 194,718 shares of the company’s stock worth $12,935,000 after acquiring an additional 8,546 shares during the period. Leo Wealth LLC bought a new stake in shares of JPMorgan Hedged Equity Laddered Overlay ETF in the fourth quarter worth approximately $17,065,000. Riverchase Wealth Management LLC purchased a new position in shares of JPMorgan Hedged Equity Laddered Overlay ETF during the first quarter valued at approximately $1,720,000. Finally, Pinnacle Wealth Management Advisory Group LLC raised its holdings in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 53.0% during the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 89,917 shares of the company’s stock valued at $5,973,000 after purchasing an additional 31,144 shares during the last quarter.

JPMorgan Hedged Equity Laddered Overlay ETF Stock Performance

Shares of JPMorgan Hedged Equity Laddered Overlay ETF stock traded up $0.21 during midday trading on Tuesday, reaching $67.58. 266,724 shares of the company’s stock traded hands, compared to its average volume of 319,588. The stock has a 50 day moving average of $67.56 and a 200-day moving average of $66.65. JPMorgan Hedged Equity Laddered Overlay ETF has a 12 month low of $62.45 and a 12 month high of $68.28. The company has a market cap of $4.02 billion, a PE ratio of 25.99 and a beta of 0.57.

JPMorgan Hedged Equity Laddered Overlay ETF Company Profile

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.