JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO) Short Interest Up 254.3% in June

JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO) saw a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 142,150 shares, an increase of 254.3% from the June 15th total of 40,121 shares. Based on an average daily volume of 340,726 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.2% of the company’s shares are short sold.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Orrstown Financial Services Inc. boosted its holdings in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 6.1% during the 2nd quarter. Orrstown Financial Services Inc. now owns 156,248 shares of the company’s stock worth $10,559,000 after buying an additional 8,978 shares in the last quarter. Financial Management Professionals Inc. boosted its stake in JPMorgan Hedged Equity Laddered Overlay ETF by 7.6% during the second quarter. Financial Management Professionals Inc. now owns 73,079 shares of the company’s stock worth $4,939,000 after acquiring an additional 5,172 shares in the last quarter. Alliance Wealth Advisors LLC acquired a new stake in JPMorgan Hedged Equity Laddered Overlay ETF in the second quarter worth $260,000. Sprinkle Financial Consultants LLC increased its stake in JPMorgan Hedged Equity Laddered Overlay ETF by 18.5% in the second quarter. Sprinkle Financial Consultants LLC now owns 120,333 shares of the company’s stock valued at $8,132,000 after purchasing an additional 18,749 shares in the last quarter. Finally, Avior Wealth Management LLC raised its holdings in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 0.7% during the second quarter. Avior Wealth Management LLC now owns 173,665 shares of the company’s stock valued at $11,736,000 after purchasing an additional 1,237 shares during the period.

JPMorgan Hedged Equity Laddered Overlay ETF Stock Up 0.2%

Shares of NYSEARCA HELO traded up $0.14 during trading on Tuesday, reaching $68.15. The company had a trading volume of 178,158 shares, compared to its average volume of 314,565. JPMorgan Hedged Equity Laddered Overlay ETF has a 12 month low of $62.64 and a 12 month high of $68.35. The stock has a market cap of $3.98 billion, a P/E ratio of 25.99 and a beta of 0.57. The company’s fifty day moving average price is $67.69 and its 200-day moving average price is $66.76.

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.