JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO) Sees Large Increase in Short Interest

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

JPMorgan Hedged Equity Laddered Overlay ETF Stock Up 0.0%

NYSEARCA:HELO traded up $0.03 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 P/E ratio of 25.99 and a beta of 0.57. JPMorgan Hedged Equity Laddered Overlay ETF has a 1-year low of $62.64 and a 1-year high of $68.40. The stock has a fifty day moving average price of $67.73 and a 200-day moving average price of $66.83.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of HELO. Harbor Asset Planning Inc. boosted its holdings in JPMorgan Hedged Equity Laddered Overlay ETF by 9.8% in the first quarter. Harbor Asset Planning Inc. now owns 1,705 shares of the company’s stock valued at $109,000 after acquiring an additional 152 shares during the last quarter. Marks Group Wealth Management Inc lifted its position in JPMorgan Hedged Equity Laddered Overlay ETF by 2.9% during the 4th quarter. Marks Group Wealth Management Inc now owns 6,006 shares of the company’s stock valued at $399,000 after purchasing an additional 167 shares during the period. CAP Partners LLC lifted its position in JPMorgan Hedged Equity Laddered Overlay ETF by 2.2% during the 1st quarter. CAP Partners LLC now owns 8,674 shares of the company’s stock valued at $554,000 after purchasing an additional 190 shares during the period. Cornerstone Wealth Management LLC boosted its stake in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 5.0% in the 4th quarter. Cornerstone Wealth Management LLC now owns 4,209 shares of the company’s stock valued at $280,000 after purchasing an additional 200 shares during the last quarter. Finally, N.E.W. Advisory Services LLC grew its position in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 12.2% during the 4th quarter. N.E.W. Advisory Services LLC now owns 1,963 shares of the company’s stock worth $130,000 after buying an additional 213 shares during the period.

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.