JPMorgan Equity Focus ETF (NASDAQ:JPEF) Stock Short Interest Jumps 84.6%

JPMorgan Equity Focus ETF (NASDAQ:JPEF) saw a large growth in short interest in October. As of October 15th, there was short interest totaling 41,946 shares, a growth of 84.6% from the September 30th total of 22,727 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 64,727 shares, the days-to-cover ratio is currently 0.6 days.

Hedge Funds Weigh In On JPMorgan Equity Focus ETF

Several hedge funds have recently modified their holdings of the company. Godsey & Gibb Inc. purchased a new stake in shares of JPMorgan Equity Focus ETF in the 3rd quarter valued at $38,000. Ascentis Independent Advisors bought a new position in shares of JPMorgan Equity Focus ETF during the 1st quarter valued at $55,000. Western Wealth Management LLC bought a new position in shares of JPMorgan Equity Focus ETF during the 1st quarter valued at $62,000. Strategic Wealth Advisors LLC purchased a new position in JPMorgan Equity Focus ETF in the 1st quarter worth $76,000. Finally, Independent Financial Group LLC purchased a new position in JPMorgan Equity Focus ETF in the 1st quarter worth $231,000.

JPMorgan Equity Focus ETF Trading Down 0.6%

NASDAQ JPEF opened at $80.30 on Tuesday. The company has a fifty day simple moving average of $81.44 and a 200 day simple moving average of $78.58. JPMorgan Equity Focus ETF has a 12-month low of $69.68 and a 12-month high of $83.41. The company has a market cap of $2.00 billion, a P/E ratio of 26.67 and a beta of 0.96.

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.