JPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO) Short Interest Update
by Sarita Garza · The Markets DailyJPMorgan Hedged Equity Laddered Overlay ETF (NYSEARCA:HELO – Get Free Report) saw a large decline in short interest during the month of March. As of March 31st, there was short interest totaling 31,124 shares, a decline of 77.5% from the March 15th total of 138,427 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 292,537 shares, the short-interest ratio is presently 0.1 days.
JPMorgan Hedged Equity Laddered Overlay ETF Trading Down 0.1%
Shares of NYSEARCA:HELO traded down $0.06 during midday trading on Friday, hitting $65.44. The company had a trading volume of 294,159 shares, compared to its average volume of 314,682. JPMorgan Hedged Equity Laddered Overlay ETF has a 12 month low of $57.45 and a 12 month high of $67.60. The firm has a fifty day simple moving average of $65.75 and a 200 day simple moving average of $65.84. The stock has a market cap of $3.86 billion, a price-to-earnings ratio of 25.99 and a beta of 0.60.
Hedge Funds Weigh In On JPMorgan Hedged Equity Laddered Overlay ETF
Institutional investors have recently modified their holdings of the stock. Gilpin Wealth Management LLC bought a new stake in shares of JPMorgan Hedged Equity Laddered Overlay ETF in the 4th quarter valued at $34,000. High Note Wealth LLC acquired a new position in JPMorgan Hedged Equity Laddered Overlay ETF in the fourth quarter valued at about $41,000. First Horizon Corp bought a new stake in shares of JPMorgan Hedged Equity Laddered Overlay ETF in the third quarter worth about $48,000. Larson Financial Group LLC acquired a new stake in shares of JPMorgan Hedged Equity Laddered Overlay ETF during the third quarter worth about $58,000. Finally, Godfrey Financial Associates Inc. acquired a new position in shares of JPMorgan Hedged Equity Laddered Overlay ETF in the 4th quarter valued at approximately $60,000.
About JPMorgan Hedged Equity Laddered Overlay ETF
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.