JPMorgan Equity Focus ETF (NASDAQ:JPEF) Short Interest Up 163.9% in May

JPMorgan Equity Focus ETF (NASDAQ:JPEF) saw a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 142,528 shares, a growth of 163.9% from the May 14th total of 54,015 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average daily trading volume, of 75,697 shares, the days-to-cover ratio is currently 1.9 days.

JPMorgan Equity Focus ETF Trading Up 0.4%

Shares of NASDAQ:JPEF traded up $0.32 during midday trading on Friday, reaching $79.01. The company had a trading volume of 49,861 shares, compared to its average volume of 131,368. The company’s 50 day moving average price is $78.19 and its 200 day moving average price is $75.95. The stock has a market cap of $1.91 billion, a P/E ratio of 26.67 and a beta of 0.96. JPMorgan Equity Focus ETF has a 52-week low of $67.28 and a 52-week high of $81.30.

Hedge Funds Weigh In On JPMorgan Equity Focus ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Moneco Advisors LLC boosted its holdings in shares of JPMorgan Equity Focus ETF by 3.7% in the 4th quarter. Moneco Advisors LLC now owns 232,019 shares of the company’s stock worth $17,329,000 after buying an additional 8,240 shares during the last quarter. Balance Wealth LLC boosted its holdings in shares of JPMorgan Equity Focus ETF by 5.7% in the 4th quarter. Balance Wealth LLC now owns 363,655 shares of the company’s stock worth $27,160,000 after buying an additional 19,563 shares during the last quarter. Stratos Wealth Partners LTD. boosted its holdings in shares of JPMorgan Equity Focus ETF by 2.6% in the 4th quarter. Stratos Wealth Partners LTD. now owns 319,251 shares of the company’s stock worth $23,844,000 after buying an additional 8,196 shares during the last quarter. Cary Street Partners Financial LLC boosted its holdings in shares of JPMorgan Equity Focus ETF by 34.1% in the 3rd quarter. Cary Street Partners Financial LLC now owns 66,422 shares of the company’s stock worth $4,921,000 after buying an additional 16,886 shares during the last quarter. Finally, AlphaCore Capital LLC purchased a new position in shares of JPMorgan Equity Focus ETF in the 4th quarter worth about $10,752,000.

JPMorgan Equity Focus ETF Company Profile

The JPMorgan Equity Focus ETF (JPEF) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed ETF that provides exposure to a narrow basket of US stocks. Selection integrates ESG factors to their bottom-up fundamental analysis. JPEF was launched on Jul 28, 2023 and is issued by JPMorgan Chase.