JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO – Get Free Report) was the target of a large decline in short interest in the month of 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. Based on an average trading volume of 407,433 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the company are sold short.
Institutional Investors Weigh In On JPMorgan Hedged Equity Laddered Overlay ETF
A number of institutional investors and hedge funds have recently modified their holdings of HELO. WNY Asset Management LLC bought a new stake in JPMorgan Hedged Equity Laddered Overlay ETF during the 1st quarter worth approximately $782,000. Mascagni Wealth Management Inc. boosted its holdings in JPMorgan Hedged Equity Laddered Overlay ETF by 13.5% in the 1st quarter. Mascagni Wealth Management Inc. now owns 14,860 shares of the company’s stock valued at $950,000 after purchasing an additional 1,765 shares during the period. Bank of America Corp DE grew its position in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 9.3% during the 1st quarter. Bank of America Corp DE now owns 2,420,158 shares of the company’s stock valued at $154,672,000 after purchasing an additional 206,013 shares in the last quarter. Royal Bank of Canada raised its position in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 3.9% in the first quarter. Royal Bank of Canada now owns 511,303 shares of the company’s stock worth $32,677,000 after buying an additional 19,064 shares in the last quarter. Finally, Gateway Wealth Partners LLC boosted its stake in JPMorgan Hedged Equity Laddered Overlay ETF by 19.8% during the first quarter. Gateway Wealth Partners LLC now owns 27,580 shares of the company’s stock valued at $1,763,000 after buying an additional 4,555 shares during the period.
JPMorgan Hedged Equity Laddered Overlay ETF Price Performance
Shares of JPMorgan Hedged Equity Laddered Overlay ETF stock traded up $0.04 during trading hours on Friday, reaching $67.08. The company had a trading volume of 181,742 shares, compared to its average volume of 321,338. The firm has a market cap of $3.99 billion, a PE ratio of 25.99 and a beta of 0.57. JPMorgan Hedged Equity Laddered Overlay ETF has a one year low of $62.36 and a one year high of $68.28. The business has a fifty day simple moving average of $67.55 and a 200 day simple moving average of $66.64.
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.
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