JPMorgan International Growth ETF (NYSEARCA:JIG) Short Interest Up 18.4% in April
by Teresa Graham · The Cerbat GemJPMorgan International Growth ETF (NYSEARCA:JIG – Get Free Report) was the target of a significant growth in short interest in April. As of April 15th, there was short interest totaling 47,983 shares, a growth of 18.4% from the March 31st total of 40,537 shares. Based on an average trading volume of 34,837 shares, the days-to-cover ratio is currently 1.4 days. Currently, 0.9% of the shares of the stock are short sold.
JPMorgan International Growth ETF Stock Performance
JPMorgan International Growth ETF stock traded up $0.33 during midday trading on Friday, reaching $81.31. 15,244 shares of the company were exchanged, compared to its average volume of 34,679. The firm’s 50-day simple moving average is $78.08 and its 200-day simple moving average is $76.58. JPMorgan International Growth ETF has a 1 year low of $66.04 and a 1 year high of $83.78. The company has a market capitalization of $430.94 million, a price-to-earnings ratio of 24.51 and a beta of 0.98.
Institutional Investors Weigh In On JPMorgan International Growth ETF
A number of hedge funds and other institutional investors have recently modified their holdings of JIG. Vestmark Advisory Solutions Inc. acquired a new stake in JPMorgan International Growth ETF during the third quarter worth approximately $13,405,000. Park Avenue Securities LLC acquired a new position in JPMorgan International Growth ETF in the 3rd quarter valued at $2,377,000. Envestnet Asset Management Inc. raised its holdings in JPMorgan International Growth ETF by 2,998.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 267,833 shares of the company’s stock valued at $20,179,000 after acquiring an additional 259,190 shares during the last quarter. Golden State Equity Partners purchased a new position in shares of JPMorgan International Growth ETF during the 4th quarter worth $460,000. Finally, Assetmark Inc. purchased a new position in shares of JPMorgan International Growth ETF during the 3rd quarter worth $7,865,000.
JPMorgan International Growth ETF Company Profile
The JPMorgan International Growth ETF (JIG) is an exchange-traded fund that is based on the MSCI EAFE Growth index. The fund is an actively-managed portfolio of global ex-US stocks fundamentally selected for growth and quality traits. JIG was launched on May 20, 2020 and is managed by JPMorgan Chase.