JPMorgan Active Growth ETF (NYSEARCA:JGRO) Short Interest Up 139.9% in August

by · The Cerbat Gem

JPMorgan Active Growth ETF (NYSEARCA:JGRO – Get Free Report) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 215,787 shares, an increase of 139.9% from the August 15th total of 89,953 shares. Based on an average trading volume of 464,265 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.2% of the shares of the company are short sold.

Hedge Funds Weigh In On JPMorgan Active Growth ETF

A number of large investors have recently modified their holdings of JGRO. Hilton Head Capital Partners LLC acquired a new stake in shares of JPMorgan Active Growth ETF in the 4th quarter valued at approximately $28,000. O Shaughnessy Asset Management LLC boosted its stake in shares of JPMorgan Active Growth ETF by 59.5% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 303 shares of the company’s stock valued at $28,000 after buying an additional 113 shares in the last quarter. Quadrant Capital Group LLC acquired a new position in JPMorgan Active Growth ETF during the fourth quarter worth $38,000. Wilmington Savings Fund Society FSB acquired a new position in JPMorgan Active Growth ETF during the third quarter worth $40,000. Finally, Community Bank N.A. purchased a new position in JPMorgan Active Growth ETF in the second quarter worth $59,000.

JPMorgan Active Growth ETF Stock Performance

NYSEARCA:JGRO traded up $0.65 during mid-day trading on Friday, reaching $93.92. The stock had a trading volume of 594,334 shares, compared to its average volume of 588,277. The firm has a market capitalization of $9.81 billion, a price-to-earnings ratio of 35.50 and a beta of 1.10. JPMorgan Active Growth ETF has a twelve month low of $81.16 and a twelve month high of $99.73. The business has a 50 day simple moving average of $94.30 and a 200 day simple moving average of $92.98.

About JPMorgan Active Growth ETF

(Get Free Report)

The Jpmorgan Active Growth ETF (JGRO) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed to invest in US large-cap companies perceived to have strong earnings growth potential. JGRO was launched on Aug 8, 2022 and is managed by JPMorgan Chase.

Further Reading