JPMorgan Active Growth ETF (NYSEARCA:JGRO) Short Interest Update

JPMorgan Active Growth ETF (NYSEARCA:JGRO) was the target of a significant increase in short interest in June. As of June 15th, there was short interest totaling 292,604 shares, an increase of 268.9% from the May 31st total of 79,319 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average trading volume of 764,896 shares, the short-interest ratio is presently 0.4 days.

JPMorgan Active Growth ETF Price Performance

JPMorgan Active Growth ETF stock traded down $0.98 during mid-day trading on Friday, reaching $94.05. 472,633 shares of the company traded hands, compared to its average volume of 603,442. JPMorgan Active Growth ETF has a 52-week low of $81.16 and a 52-week high of $99.73. The firm has a market capitalization of $9.43 billion, a price-to-earnings ratio of 35.50 and a beta of 1.09. The firm’s 50 day moving average price is $95.89 and its 200 day moving average price is $91.99.

Hedge Funds Weigh In On JPMorgan Active Growth ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Echo Wealth Management LLC lifted its stake in shares of JPMorgan Active Growth ETF by 37.2% in the 4th quarter. Echo Wealth Management LLC now owns 66,977 shares of the company’s stock valued at $6,215,000 after purchasing an additional 18,168 shares during the period. Arwa LLC bought a new stake in shares of JPMorgan Active Growth ETF during the fourth quarter valued at approximately $1,147,000. Steph & Co. grew its stake in JPMorgan Active Growth ETF by 4.0% in the first quarter. Steph & Co. now owns 517,947 shares of the company’s stock worth $43,777,000 after purchasing an additional 19,759 shares during the period. 5T Wealth LLC grew its stake in JPMorgan Active Growth ETF by 26.4% in the fourth quarter. 5T Wealth LLC now owns 38,210 shares of the company’s stock worth $3,546,000 after purchasing an additional 7,986 shares during the period. Finally, Sequoia Financial Advisors LLC bought a new position in JPMorgan Active Growth ETF in the fourth quarter worth $31,059,000.

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.