JPMorgan Global Select Equity ETF (NASDAQ:JGLO) Sees Large Decrease in Short Interest

JPMorgan Global Select Equity ETF (NASDAQ:JGLO) was the target of a large decline in short interest in March. As of March 31st, there was short interest totaling 12,919 shares, a decline of 66.0% from the March 15th total of 38,000 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 251,676 shares, the days-to-cover ratio is currently 0.1 days.

JPMorgan Global Select Equity ETF Stock Performance

Shares of NASDAQ:JGLO traded up $0.55 during midday trading on Monday, hitting $68.50. 59,307 shares of the company’s stock traded hands, compared to its average volume of 200,173. The company has a market cap of $6.93 billion, a PE ratio of 23.79 and a beta of 0.91. The firm’s fifty day moving average price is $67.38 and its two-hundred day moving average price is $67.82. JPMorgan Global Select Equity ETF has a twelve month low of $54.02 and a twelve month high of $70.14.

Hedge Funds Weigh In On JPMorgan Global Select Equity ETF

Several hedge funds and other institutional investors have recently made changes to their positions in JGLO. Equitable Holdings Inc. lifted its holdings in JPMorgan Global Select Equity ETF by 2.3% in the 4th quarter. Equitable Holdings Inc. now owns 6,767 shares of the company’s stock worth $458,000 after buying an additional 153 shares in the last quarter. Lake Street Private Wealth LLC lifted its holdings in JPMorgan Global Select Equity ETF by 1.3% in the 4th quarter. Lake Street Private Wealth LLC now owns 12,676 shares of the company’s stock worth $858,000 after buying an additional 163 shares in the last quarter. Cary Street Partners Investment Advisory LLC lifted its holdings in JPMorgan Global Select Equity ETF by 3.9% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 5,302 shares of the company’s stock worth $359,000 after buying an additional 198 shares in the last quarter. 3Chopt Investment Partners LLC lifted its holdings in JPMorgan Global Select Equity ETF by 2.6% in the 4th quarter. 3Chopt Investment Partners LLC now owns 8,094 shares of the company’s stock worth $548,000 after buying an additional 205 shares in the last quarter. Finally, Echo Wealth Management LLC lifted its holdings in JPMorgan Global Select Equity ETF by 6.9% in the 3rd quarter. Echo Wealth Management LLC now owns 3,477 shares of the company’s stock worth $236,000 after buying an additional 225 shares in the last quarter.

About JPMorgan Global Select Equity ETF

The JPMorgan Global Select Equity ETF Global Select Equity ETF (JGLO) is an exchange-traded fund that mostly invests in total market equity. The fund seeks long-term capital appreciation through an active management that invests in stocks of any capitalization located in both developed and emerging markets. The selection process integrates ESG factors. JGLO was launched on Sep 13, 2023 and is issued by JPMorgan Chase.