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

JPMorgan Equity Focus ETF (NASDAQ:JPEF) was the recipient of a large growth in short interest during the month of October. As of October 15th, there was short interest totalling 108,400 shares, a growth of 627.5% from the September 30th total of 14,900 shares. Based on an average daily volume of 72,300 shares, the days-to-cover ratio is currently 1.5 days.

Institutional Trading of JPMorgan Equity Focus ETF

Several large investors have recently made changes to their positions in the business. Thrivent Financial for Lutherans boosted its holdings in JPMorgan Equity Focus ETF by 24.8% in the second quarter. Thrivent Financial for Lutherans now owns 941,813 shares of the company’s stock valued at $58,731,000 after purchasing an additional 186,867 shares during the last quarter. Investment Planning Advisors Inc. purchased a new stake in JPMorgan Equity Focus ETF during the second quarter worth $9,978,000. Commonwealth Equity Services LLC increased its holdings in JPMorgan Equity Focus ETF by 360.1% in the second quarter. Commonwealth Equity Services LLC now owns 177,577 shares of the company’s stock valued at $11,074,000 after buying an additional 138,982 shares in the last quarter. Raymond James & Associates boosted its stake in shares of JPMorgan Equity Focus ETF by 102.2% during the 2nd quarter. Raymond James & Associates now owns 162,557 shares of the company’s stock worth $10,137,000 after acquiring an additional 82,166 shares in the last quarter. Finally, Beaumont Financial Advisors LLC grew its position in shares of JPMorgan Equity Focus ETF by 28.5% in the third quarter. Beaumont Financial Advisors LLC now owns 355,632 shares of the company’s stock valued at $23,305,000 after purchasing an additional 78,971 shares during the period.

JPMorgan Equity Focus ETF Stock Performance

JPEF traded down $0.01 on Friday, hitting $66.38. The company had a trading volume of 62,713 shares, compared to its average volume of 71,302. The stock has a market capitalization of $901.44 million, a price-to-earnings ratio of 25.11 and a beta of 1.11. The stock has a fifty day moving average price of $64.96 and a 200-day moving average price of $62.21. JPMorgan Equity Focus ETF has a 12-month low of $45.27 and a 12-month high of $67.46.

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.