Short Interest in JPMorgan Active Growth ETF (NYSEARCA:JGRO) Declines By 41.5%
by Amy Steele · The Cerbat GemJPMorgan Active Growth ETF (NYSEARCA:JGRO – Get Free Report) saw a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 79,319 shares, a decrease of 41.5% from the May 14th total of 135,591 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 625,967 shares, the days-to-cover ratio is presently 0.1 days.
Institutional Investors Weigh In On JPMorgan Active Growth ETF
A number of institutional investors and hedge funds have recently modified their holdings of JGRO. MAI Capital Management bought a new stake in shares of JPMorgan Active Growth ETF in the 3rd quarter valued at about $25,000. Pflug Koory LLC bought a new position in JPMorgan Active Growth ETF in the 4th quarter valued at about $25,000. Hilton Head Capital Partners LLC bought a new position in JPMorgan Active Growth ETF in the 4th quarter valued at about $28,000. O Shaughnessy Asset Management LLC raised its holdings in JPMorgan Active Growth ETF by 59.5% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 303 shares of the company’s stock valued at $28,000 after acquiring an additional 113 shares during the period. Finally, Balentine LLC bought a new position in JPMorgan Active Growth ETF in the 3rd quarter valued at about $29,000.
JPMorgan Active Growth ETF Stock Up 2.6%
Shares of JGRO stock traded up $2.50 on Monday, reaching $97.79. The stock had a trading volume of 1,082,854 shares, compared to its average volume of 604,206. The firm’s 50-day moving average is $94.50 and its two-hundred day moving average is $91.84. The firm has a market capitalization of $9.80 billion, a price-to-earnings ratio of 35.50 and a beta of 1.09. JPMorgan Active Growth ETF has a 12 month low of $81.16 and a 12 month high of $99.73.
About JPMorgan Active Growth ETF
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.