JPMorgan Equity Focus ETF (NASDAQ:JPEF) Short Interest Down 37.1% in December

JPMorgan Equity Focus ETF (NASDAQ:JPEF) saw a large decrease in short interest in the month of December. As of December 31st, there was short interest totalling 47,100 shares, a decrease 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.

JPMorgan Equity Focus ETF Price Performance

JPEF stock traded up $0.51 during mid-day trading on Friday, reaching $68.68. 99,689 shares of the company’s stock were exchanged, 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’s 50 day moving average is $68.43 and its 200 day moving average is $65.64. The company has a market cap of $1.11 billion, a price-to-earnings ratio of 25.11 and a beta of 1.11.

JPMorgan Equity Focus ETF Increases Dividend

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

Institutional Investors Weigh In On JPMorgan Equity Focus ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Thrivent Financial for Lutherans lifted its holdings in JPMorgan Equity Focus ETF by 24.8% during 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 in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of JPMorgan Equity Focus ETF by 3,006.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,578 shares of the company’s stock worth $161,000 after purchasing an additional 2,495 shares during the last quarter. Advisory Alpha LLC purchased a new position in JPMorgan Equity Focus ETF in the 2nd quarter valued at about $204,000. Cetera Investment Advisers boosted its holdings in JPMorgan Equity Focus ETF by 91.8% in the 2nd quarter. Cetera Investment Advisers now owns 87,003 shares of the company’s stock worth $5,426,000 after buying an additional 41,630 shares during the last quarter. Finally, Beaumont Financial Advisors LLC increased its stake in JPMorgan Equity Focus ETF by 28.5% during the 3rd quarter. Beaumont Financial Advisors LLC now owns 355,632 shares of the company’s stock worth $23,305,000 after buying an additional 78,971 shares in 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.