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

JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO) was the recipient of a significant decline in short interest in 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. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 407,433 shares, the short-interest ratio is presently 0.1 days.

JPMorgan Hedged Equity Laddered Overlay ETF Trading Up 0.4%

HELO traded up $0.29 during trading hours on Monday, hitting $67.37. 162,422 shares of the company’s stock were exchanged, compared to its average volume of 320,035. The firm has a market cap of $4.00 billion, a P/E ratio of 25.99 and a beta of 0.57. JPMorgan Hedged Equity Laddered Overlay ETF has a 12-month low of $62.45 and a 12-month high of $68.28. The firm has a 50 day moving average of $67.56 and a 200 day moving average of $66.65.

Institutional Trading of JPMorgan Hedged Equity Laddered Overlay ETF

Large investors have recently modified their holdings of the stock. Jane Street Group LLC grew its stake in JPMorgan Hedged Equity Laddered Overlay ETF by 13.7% during the 1st quarter. Jane Street Group LLC now owns 80,796 shares of the company’s stock worth $4,822,000 after purchasing an additional 9,713 shares in the last quarter. NewEdge Advisors LLC increased its holdings in JPMorgan Hedged Equity Laddered Overlay ETF by 46.7% during the 2nd quarter. NewEdge Advisors LLC now owns 73,096 shares of the company’s stock worth $4,574,000 after purchasing an additional 23,263 shares during the period. Raymond James Financial Inc. raised its position in JPMorgan Hedged Equity Laddered Overlay ETF by 9.7% in the 2nd quarter. Raymond James Financial Inc. now owns 1,591,028 shares of the company’s stock valued at $99,566,000 after purchasing an additional 140,094 shares in the last quarter. NCM Capital Management LLC raised its position in JPMorgan Hedged Equity Laddered Overlay ETF by 30.3% in the 2nd quarter. NCM Capital Management LLC now owns 20,003 shares of the company’s stock valued at $1,252,000 after purchasing an additional 4,654 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 24.9% in the 2nd quarter. Bank of America Corp DE now owns 1,677,251 shares of the company’s stock valued at $104,962,000 after buying an additional 334,184 shares during the period.

About JPMorgan Hedged Equity Laddered Overlay ETF

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.