Short Interest in JPMorgan Active Growth ETF (NYSEARCA:JGRO) Declines By 52.6%

JPMorgan Active Growth ETF (NYSEARCA:JGRO) was the recipient of a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 198,919 shares, a drop of 52.6% from the April 15th total of 419,766 shares. Based on an average trading volume of 550,152 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the company’s stock are sold short.

JPMorgan Active Growth ETF Trading Down 1.7%

NYSEARCA:JGRO traded down $1.68 on Friday, hitting $97.14. 1,247,155 shares of the company’s stock traded hands, compared to its average volume of 583,104. The company has a market cap of $9.74 billion, a PE ratio of 35.50 and a beta of 1.09. JPMorgan Active Growth ETF has a 1 year low of $78.69 and a 1 year high of $98.94. The firm has a 50-day moving average price of $89.57 and a 200-day moving average price of $91.35.

Institutional Trading of JPMorgan Active Growth ETF

A number of hedge funds have recently made changes to their positions in the stock. O Shaughnessy Asset Management LLC lifted its position 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 worth $28,000 after purchasing an additional 113 shares in the last quarter. Intrua Financial LLC lifted its position in shares of JPMorgan Active Growth ETF by 2.3% in the first quarter. Intrua Financial LLC now owns 5,774 shares of the company’s stock worth $488,000 after purchasing an additional 130 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its position in shares of JPMorgan Active Growth ETF by 5.0% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 3,130 shares of the company’s stock worth $290,000 after purchasing an additional 148 shares in the last quarter. Wedbush Securities Inc. lifted its position in shares of JPMorgan Active Growth ETF by 2.5% in the third quarter. Wedbush Securities Inc. now owns 6,215 shares of the company’s stock worth $583,000 after purchasing an additional 152 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC lifted its position in shares of JPMorgan Active Growth ETF by 0.6% in the third quarter. Ashton Thomas Private Wealth LLC now owns 25,713 shares of the company’s stock worth $2,411,000 after purchasing an additional 153 shares in 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.