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

JPMorgan Equity Focus ETF (NASDAQ:JPEF) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totalling 25,500 shares, an increase of 171.3% from the June 30th total of 9,400 shares. Based on an average daily trading volume, of 83,100 shares, the short-interest ratio is presently 0.3 days.

JPMorgan Equity Focus ETF Stock Up 1.3 %

Shares of NASDAQ JPEF traded up $0.77 during trading hours on Friday, hitting $62.13. 61,044 shares of the stock were exchanged, compared to its average volume of 70,925. The company has a market cap of $718.22 million, a PE ratio of 25.11 and a beta of 1.11. JPMorgan Equity Focus ETF has a 12 month low of $45.27 and a 12 month high of $64.50. The firm has a fifty day moving average price of $61.89 and a 200-day moving average price of $58.85.

Hedge Funds Weigh In On JPMorgan Equity Focus ETF

A number of large investors have recently made changes to their positions in JPEF. Raymond James Trust N.A. grew its stake in shares of JPMorgan Equity Focus ETF by 85.9% during the second quarter. Raymond James Trust N.A. now owns 7,970 shares of the company’s stock worth $497,000 after acquiring an additional 3,683 shares during the last quarter. Investment Planning Advisors Inc. acquired a new stake in JPMorgan Equity Focus ETF in the 2nd quarter worth approximately $9,978,000. Raymond James Financial Services Advisors Inc. grew its position in JPMorgan Equity Focus ETF by 12.1% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 532,992 shares of the company’s stock worth $33,237,000 after purchasing an additional 57,702 shares during the last quarter. MONECO Advisors LLC acquired a new position in JPMorgan Equity Focus ETF during the 2nd quarter valued at approximately $2,857,000. Finally, SFG Wealth Management LLC. raised its holdings in shares of JPMorgan Equity Focus ETF by 14.6% in the second quarter. SFG Wealth Management LLC. now owns 71,816 shares of the company’s stock worth $4,478,000 after buying an additional 9,154 shares during the last quarter.

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.