JPMorgan Long/Short ETF
JPLS
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- JPMorgan Long/Short ETF (JPLS) is an actively managed exchange-traded fund that seeks long-term total return by profiting from the relative returns of equity securities through a systematic process of maintaining long and short positions in global equity markets, either directly or via derivatives; it employs a rules-based, bottom-up security selection approach utilizing factors including value, quality, momentum, and size, while targeting dynamic market beta exposure to serve as a core diversifier or alternative to traditional equity investments within portfolios. The fund, sponsored and managed by J.P. Morgan Asset Management—a division of JPMorgan Chase & Co. headquartered in New York—launched on January 25, 2018, and trades on the NYSE Arca exchange with an expense ratio of 0.69%, catering primarily to institutional and retail investors seeking alternative beta strategies in the long-short equity segment. J.P. Morgan Asset Management oversees the ETF as part of its broader suite of over 20 ETF offerings, leveraging global research, portfolio management, and trading capabilities. Recent developments indicate that JPLS ceased operations, with reports confirming it went out of business as of June 19, 2020, following low assets under management and limited trading activity; this aligns with J.P. Morgan Asset Management's pattern of liquidating underperforming ETFs, such as the JPMorgan ActiveBuilders U.S. Large Cap Equity ETF (JUSA) and International Equity ETF (JIDA) in 2023, amid a strategic focus on expanding high-growth active ETFs like the JPMorgan Equity and Options ETF (JOYT) launched in August 2025 and the Flexible Income ETF in early 2025. No major partnerships, acquisitions, funding rounds, or new product launches specific to JPLS have occurred since its inception, as the fund's discontinuation precluded further evolution; instead, the parent firm has pursued aggressive ETF innovation, including three new active ETFs in December 2024 and a $2 billion-seeded Active High Yield ETF in June 2025, reflecting broader business expansion in multi-asset and alternatives amid $3.6 trillion in total AUM. Geographically, JPLS targeted global equity markets prior to closure, consistent with J.P. Morgan Asset Management's operations across more than 60 countries from its New York base at 270 Park Avenue.