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

JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO) saw a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 146,954 shares, an increase of 126.5% from the August 15th total of 64,879 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 277,234 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Trading of JPMorgan Hedged Equity Laddered Overlay ETF

A number of hedge funds have recently made changes to their positions in the business. Archford Capital Strategies LLC boosted its stake in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 9.0% in the 2nd quarter. Archford Capital Strategies LLC now owns 157,859 shares of the company’s stock valued at $10,668,000 after purchasing an additional 13,009 shares during the last quarter. Capital Analysts LLC lifted its holdings in JPMorgan Hedged Equity Laddered Overlay ETF by 18.3% in the second quarter. Capital Analysts LLC now owns 21,571 shares of the company’s stock valued at $1,458,000 after buying an additional 3,342 shares during the period. Pinnacle Wealth Management Advisory Group LLC boosted its position in JPMorgan Hedged Equity Laddered Overlay ETF by 58.0% during the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 293,065 shares of the company’s stock valued at $19,805,000 after acquiring an additional 107,635 shares during the last quarter. Waverly Advisors LLC grew its holdings in JPMorgan Hedged Equity Laddered Overlay ETF by 0.7% during the 2nd quarter. Waverly Advisors LLC now owns 159,599 shares of the company’s stock worth $10,786,000 after acquiring an additional 1,095 shares during the period. Finally, MLG Wealth Management DBA Pine Grove Financial Group raised its position in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 2.5% in the 2nd quarter. MLG Wealth Management DBA Pine Grove Financial Group now owns 84,919 shares of the company’s stock worth $5,759,000 after acquiring an additional 2,073 shares in the last quarter.

JPMorgan Hedged Equity Laddered Overlay ETF Trading Down 0.4%

Shares of HELO traded down $0.25 during midday trading on Tuesday, reaching $68.79. The stock had a trading volume of 108,400 shares, compared to its average volume of 336,175. The firm has a 50 day simple moving average of $68.93 and a 200-day simple moving average of $67.46. The firm has a market cap of $4.65 billion, a PE ratio of 25.99 and a beta of 0.56. JPMorgan Hedged Equity Laddered Overlay ETF has a one year low of $63.24 and a one year high of $70.23.

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.