Short Interest in JPMorgan Equity Focus ETF (NASDAQ:JPEF) Drops By 52.8%

JPMorgan Equity Focus ETF (NASDAQ:JPEF) was the target of a significant drop in short interest during 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. Based on an average daily volume of 105,652 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.3% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JPEF. Avantax Planning Partners Inc. acquired a new position in JPMorgan Equity Focus ETF in the first quarter valued at $128,384,000. Cetera Investment Advisers boosted its holdings in JPMorgan Equity Focus ETF by 94.9% in the first quarter. Cetera Investment Advisers now owns 1,075,233 shares of the company’s stock valued at $77,212,000 after acquiring an additional 523,563 shares during the last quarter. Thrivent Financial for Lutherans acquired a new position in JPMorgan Equity Focus ETF in the fourth quarter valued at $16,453,000. Raymond James Financial Inc. boosted its holdings in JPMorgan Equity Focus ETF by 11.2% in the third quarter. Raymond James Financial Inc. now owns 2,177,270 shares of the company’s stock valued at $161,314,000 after acquiring an additional 218,705 shares during the last quarter. Finally, AlphaCore Capital LLC acquired a new position in JPMorgan Equity Focus ETF in the fourth quarter valued at $10,752,000.

JPMorgan Equity Focus ETF Stock Down 1.2%

Shares of JPEF stock traded down $0.95 during mid-day trading on Friday, hitting $80.22. 60,019 shares of the company’s stock were exchanged, compared to its average volume of 139,712. JPMorgan Equity Focus ETF has a fifty-two week low of $65.29 and a fifty-two week high of $81.30. The stock has a 50-day simple moving average of $75.40 and a two-hundred day simple moving average of $75.23. The stock has a market cap of $1.94 billion, a price-to-earnings ratio of 26.67 and a beta of 0.98.

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.