JPMorgan Active Growth ETF (NYSEARCA:JGRO – Get Free Report) was the target of a large growth in short interest in June. As of June 15th, there was short interest totaling 292,604 shares, a growth of 268.9% from the May 31st total of 79,319 shares. Based on an average daily volume of 764,896 shares, the short-interest ratio is presently 0.4 days. Approximately 0.3% of the company’s stock are short sold.
JPMorgan Active Growth ETF Price Performance
Shares of NYSEARCA JGRO traded up $2.17 during midday trading on Monday, reaching $96.22. The company’s stock had a trading volume of 160,928 shares, compared to its average volume of 599,740. The stock has a market capitalization of $9.64 billion, a P/E ratio of 35.50 and a beta of 1.09. The firm has a 50 day moving average price of $95.89 and a 200-day moving average price of $91.97. JPMorgan Active Growth ETF has a 12-month low of $81.16 and a 12-month high of $99.73.
Hedge Funds Weigh In On JPMorgan Active Growth ETF
A number of hedge funds and other institutional investors have recently made changes to their positions in JGRO. O Shaughnessy Asset Management LLC increased its holdings in JPMorgan Active Growth ETF by 59.5% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 303 shares of the company’s stock worth $28,000 after buying an additional 113 shares during the last quarter. Intrua Financial LLC boosted its stake in JPMorgan Active Growth ETF by 2.3% in the first quarter. Intrua Financial LLC now owns 5,774 shares of the company’s stock valued at $488,000 after acquiring an additional 130 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its position in shares of JPMorgan Active Growth ETF by 5.0% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 3,130 shares of the company’s stock valued at $290,000 after acquiring an additional 148 shares during the period. GeoWealth Management LLC increased its stake in shares of JPMorgan Active Growth ETF by 2.7% during the 4th quarter. GeoWealth Management LLC now owns 5,897 shares of the company’s stock worth $547,000 after purchasing an additional 154 shares during the last quarter. Finally, World Investment Advisors increased its stake in shares of JPMorgan Active Growth ETF by 4.1% during the 4th quarter. World Investment Advisors now owns 4,274 shares of the company’s stock worth $372,000 after purchasing an additional 169 shares during the last quarter.
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.
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