Short Interest in JPMorgan Equity Focus ETF (NASDAQ:JPEF) Decreases by 7.6%

The short interest in the JPMorgan Equity Focus ETF (NASDAQ:JPEF) saw a notable decline of 7.6% in December. As of December 15, short interest registered at 74,900 shares, down from 81,100 shares on November 30. Considering the average daily trading volume of 107,900 shares, the current short-interest ratio stands at 0.7 days.

Recent Institutional Activity

Several large investors have adjusted their positions in JPEF recently. For instance, International Assets Investment Management LLC acquired a stake during the second quarter valued at around $26,000. Northwestern Mutual Wealth Management Co. dramatically increased its investment in the ETF by 3,006.0% in the same period, raising its ownership to 2,578 shares worth approximately $161,000 after purchasing an additional 2,495 shares in the last quarter. Furthermore, Planning Directions Inc. entered the scene by acquiring a stake worth about $202,000 in the third quarter. Tennessee Valley Asset Management Partners also made a similar move during the second quarter, acquiring shares valued around $201,000, while Advisory Alpha LLC took a new position in JPEF worth approximately $204,000.

Market Performance of JPMorgan Equity Focus ETF

As of Wednesday, JPEF shares opened at $67.11. The ETF has a 50-day moving average price of $68.19 and a 200-day moving average price of $65.27. The market capitalization of JPEF is approximately $923.43 million, with a price-to-earnings ratio of 25.11 and a beta of 1.11. Over the past year, its lowest price was $51.99, while the highest peaked at $70.09.

Dividend Announcement

In addition to the short interest update, JPMorgan Equity Focus ETF recently declared an increase in its dividend. The announced dividend of $0.3881 per share was paid on December 27 to investors of record as of December 24. This marks a significant rise from the previous dividend distribution of $0.09.

About the JPMorgan Equity Focus ETF

The JPMorgan Equity Focus ETF (JPEF) is an actively managed exchange-traded fund (ETF) that primarily invests in a variety of US equities. This fund focuses on integrating ESG (Environmental, Social, and Governance) factors into its investment analysis. Launched on July 28, 2023, JPEF is issued by JPMorgan Chase.

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