Short Interest in JPMorgan Equity Focus ETF (NASDAQ:JPEF) Declines By 37.1%

JPMorgan Equity Focus ETF (NASDAQ:JPEF) was the target of a large decline in short interest during the month of December. As of December 31st, there was short interest totalling 47,100 shares, a decline of 37.1% from the December 15th total of 74,900 shares. Based on an average daily volume of 108,500 shares, the days-to-cover ratio is presently 0.4 days.

Hedge Funds Weigh In On JPMorgan Equity Focus ETF

Several institutional investors and hedge funds have recently modified their holdings of JPEF. Northwestern Mutual Wealth Management Co. raised its position in JPMorgan Equity Focus ETF by 3,006.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,578 shares of the company’s stock valued at $161,000 after acquiring an additional 2,495 shares in the last quarter. Planning Directions Inc. purchased a new position in shares of JPMorgan Equity Focus ETF during the 3rd quarter valued at approximately $202,000. Advisory Alpha LLC acquired a new position in shares of JPMorgan Equity Focus ETF in the 2nd quarter valued at $204,000. Tyler Stone Wealth Management purchased a new stake in JPMorgan Equity Focus ETF during the third quarter worth $248,000. Finally, Denver Wealth Management Inc. grew its position in JPMorgan Equity Focus ETF by 19.0% during the third quarter. Denver Wealth Management Inc. now owns 5,258 shares of the company’s stock valued at $345,000 after buying an additional 840 shares during the period.

JPMorgan Equity Focus ETF Stock Up 0.7 %

Shares of NASDAQ:JPEF traded up $0.51 during trading on Friday, hitting $68.68. The stock had a trading volume of 99,689 shares, compared to its average volume of 161,081. JPMorgan Equity Focus ETF has a 12-month low of $52.85 and a 12-month high of $70.09. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 25.11 and a beta of 1.11. The stock has a 50-day simple moving average of $68.43 and a two-hundred day simple moving average of $65.64.

JPMorgan Equity Focus ETF Increases Dividend

The business also recently declared a dividend, which was paid on Friday, December 27th. Shareholders of record on Tuesday, December 24th were given a dividend of $0.3881 per share. This is an increase from JPMorgan Equity Focus ETF’s previous dividend of $0.09. The ex-dividend date was Tuesday, December 24th.

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.