JPMorgan Equity Focus ETF (NASDAQ:JPEF) Sees Large Drop in Short Interest

JPMorgan Equity Focus ETF (NASDAQ:JPEF) was the recipient of a large drop in short interest in the month of January. As of January 30th, there was short interest totaling 6,298 shares, a drop of 71.2% from the January 15th total of 21,868 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 106,854 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 106,854 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of JPEF. Thrivent Financial for Lutherans acquired a new stake in shares of JPMorgan Equity Focus ETF in the second quarter worth $22,599,000. Raymond James Financial Inc. raised its stake in JPMorgan Equity Focus ETF by 11.2% during the 3rd quarter. Raymond James Financial Inc. now owns 2,177,270 shares of the company’s stock valued at $161,314,000 after purchasing an additional 218,705 shares during the last quarter. Balance Wealth LLC boosted its holdings in JPMorgan Equity Focus ETF by 103.7% in the 2nd quarter. Balance Wealth LLC now owns 326,863 shares of the company’s stock valued at $22,926,000 after purchasing an additional 166,396 shares during the period. AlphaCore Capital LLC acquired a new stake in JPMorgan Equity Focus ETF in the 4th quarter worth $10,752,000. Finally, Osaic Holdings Inc. raised its position in shares of JPMorgan Equity Focus ETF by 29.1% during the second quarter. Osaic Holdings Inc. now owns 558,669 shares of the company’s stock valued at $39,186,000 after buying an additional 125,771 shares during the last quarter.

JPMorgan Equity Focus ETF Trading Up 0.3%

JPMorgan Equity Focus ETF stock traded up $0.26 on Wednesday, reaching $76.21. 59,046 shares of the stock were exchanged, compared to its average volume of 119,264. JPMorgan Equity Focus ETF has a twelve month low of $55.46 and a twelve month high of $76.44. The firm has a fifty day moving average price of $75.21 and a two-hundred day moving average price of $74.12. The stock has a market cap of $1.60 billion, a PE ratio of 26.67 and a beta of 1.00.

JPMorgan Equity Focus ETF Announces Dividend

The firm also recently announced an annual dividend, which was paid on Thursday, December 18th. Investors of record on Tuesday, December 16th were paid a dividend of $0.5228 per share. The ex-dividend date was Tuesday, December 16th. This represents a yield of 70.0%.

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.