JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO – Get Free Report) was the target of a significant increase in short interest in 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 shares of the company are short sold. Based on an average daily trading volume, of 277,234 shares, the short-interest ratio is currently 0.5 days.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the business. Taylor Securities Services Inc. acquired a new position in shares of JPMorgan Hedged Equity Laddered Overlay ETF during the fourth quarter valued at $49,730,000. Cetera Investment Advisers lifted its holdings in JPMorgan Hedged Equity Laddered Overlay ETF by 70.8% in the first quarter. Cetera Investment Advisers now owns 1,584,346 shares of the company’s stock worth $101,256,000 after purchasing an additional 656,912 shares during the period. LPL Financial LLC grew its position in JPMorgan Hedged Equity Laddered Overlay ETF by 20.8% in the 4th quarter. LPL Financial LLC now owns 3,189,556 shares of the company’s stock valued at $211,882,000 after buying an additional 549,559 shares in the last quarter. Bank of America Corp DE grew its position in JPMorgan Hedged Equity Laddered Overlay ETF by 22.4% in the 3rd quarter. Bank of America Corp DE now owns 2,053,130 shares of the company’s stock valued at $133,453,000 after buying an additional 375,879 shares in the last quarter. Finally, Raymond James Financial Inc. increased its stake in JPMorgan Hedged Equity Laddered Overlay ETF by 26.6% during the 4th quarter. Raymond James Financial Inc. now owns 1,742,174 shares of the company’s stock valued at $115,733,000 after buying an additional 365,572 shares during the period.
JPMorgan Hedged Equity Laddered Overlay ETF Price Performance
Shares of HELO stock opened at $69.24 on Monday. JPMorgan Hedged Equity Laddered Overlay ETF has a 12-month low of $63.24 and a 12-month high of $70.23. The firm has a market capitalization of $4.68 billion, a price-to-earnings ratio of 25.99 and a beta of 0.56. The business has a 50 day simple moving average of $68.91 and a 200 day simple moving average of $67.45.
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.
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