JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO) Sees Significant Drop in Short Interest

JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO) saw a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 64,879 shares, a decrease of 53.4% from the July 30th total of 139,239 shares. Based on an average daily volume of 292,731 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are sold short.

JPMorgan Hedged Equity Laddered Overlay ETF Stock Performance

Shares of NYSEARCA HELO traded down $0.22 during trading hours on Monday, reaching $69.47. 188,384 shares of the stock were exchanged, compared to its average volume of 341,058. The firm has a market capitalization of $4.69 billion, a price-to-earnings ratio of 25.99 and a beta of 0.56. JPMorgan Hedged Equity Laddered Overlay ETF has a 52 week low of $63.24 and a 52 week high of $70.23. The stock’s fifty day simple moving average is $68.50 and its 200 day simple moving average is $67.26.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HELO. Ameritas Advisory Services LLC lifted its holdings in shares of JPMorgan Hedged Equity Laddered Overlay ETF by 166.2% during the second quarter. Ameritas Advisory Services LLC now owns 52,391 shares of the company’s stock worth $3,541,000 after buying an additional 32,707 shares in the last quarter. Aspire Capital Advisors LLC increased its position in JPMorgan Hedged Equity Laddered Overlay ETF by 1.7% during the second quarter. Aspire Capital Advisors LLC now owns 205,341 shares of the company’s stock worth $13,877,000 after acquiring an additional 3,509 shares during the period. Fortitude Advisory Group L.L.C. increased its position in JPMorgan Hedged Equity Laddered Overlay ETF by 118.0% during the second quarter. Fortitude Advisory Group L.L.C. now owns 9,554 shares of the company’s stock worth $646,000 after acquiring an additional 5,172 shares during the period. Markowski Investments acquired a new stake in JPMorgan Hedged Equity Laddered Overlay ETF in the 2nd quarter worth about $30,000. Finally, Smallwood Wealth Investment Management LLC raised its stake in JPMorgan Hedged Equity Laddered Overlay ETF by 19.7% in the 2nd quarter. Smallwood Wealth Investment Management LLC now owns 106,768 shares of the company’s stock worth $7,215,000 after purchasing an additional 17,605 shares in the last quarter.

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.