JPMorgan Equity Focus ETF (NASDAQ:JPEF – Get Free Report) was the recipient of a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 79,970 shares, a drop of 52.8% from the April 15th total of 169,415 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 105,652 shares, the short-interest ratio is currently 0.8 days.
Institutional Trading of JPMorgan Equity Focus ETF
Hedge funds have recently bought and sold shares of the stock. Goldman Sachs Group Inc. bought a new position in shares of JPMorgan Equity Focus ETF during the 1st quarter valued at about $325,000. JPMorgan Chase & Co. boosted its holdings in shares of JPMorgan Equity Focus ETF by 33.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 69,703 shares of the company’s stock valued at $4,889,000 after purchasing an additional 17,328 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in shares of JPMorgan Equity Focus ETF by 9.8% during the 2nd quarter. Raymond James Financial Inc. now owns 1,958,565 shares of the company’s stock valued at $137,374,000 after purchasing an additional 175,204 shares during the last quarter. MML Investors Services LLC boosted its holdings in shares of JPMorgan Equity Focus ETF by 7.6% during the 2nd quarter. MML Investors Services LLC now owns 1,076,371 shares of the company’s stock valued at $75,497,000 after purchasing an additional 76,189 shares during the last quarter. Finally, Captrust Financial Advisors boosted its holdings in shares of JPMorgan Equity Focus ETF by 8.8% during the 2nd quarter. Captrust Financial Advisors now owns 4,064 shares of the company’s stock valued at $285,000 after purchasing an additional 328 shares during the last quarter.
JPMorgan Equity Focus ETF Price Performance
Shares of JPEF stock traded down $0.95 on Friday, hitting $80.22. 60,019 shares of the stock traded hands, compared to its average volume of 139,712. The firm has a market cap of $1.94 billion, a price-to-earnings ratio of 26.67 and a beta of 0.98. JPMorgan Equity Focus ETF has a 52 week low of $65.29 and a 52 week high of $81.30. The firm has a 50 day simple moving average of $75.40 and a two-hundred day simple moving average of $75.22.
About JPMorgan Equity Focus ETF
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.
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