Short Interest in JPMorgan Active Growth ETF (NYSEARCA:JGRO) Declines By 58.0%

JPMorgan Active Growth ETF (NYSEARCA:JGRO) was the target of a large decrease in short interest in July. As of July 31st, there was short interest totaling 136,626 shares, a decrease of 58.0% from the July 15th total of 325,009 shares. Based on an average daily volume of 789,719 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Trading of JPMorgan Active Growth ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Marshall Wace LLP acquired a new position in shares of JPMorgan Active Growth ETF in the second quarter worth about $2,557,000. Qube Research & Technologies Ltd grew its position in shares of JPMorgan Active Growth ETF by 36.9% during the 2nd quarter. Qube Research & Technologies Ltd now owns 32,806 shares of the company’s stock valued at $2,824,000 after acquiring an additional 8,845 shares during the period. Raymond James Financial Inc. grew its position in shares of JPMorgan Active Growth ETF by 3.1% during the 2nd quarter. Raymond James Financial Inc. now owns 1,534,344 shares of the company’s stock valued at $132,061,000 after acquiring an additional 45,507 shares during the period. Jane Street Group LLC purchased a new position in shares of JPMorgan Active Growth ETF in the 2nd quarter valued at about $5,569,000. Finally, Bank of America Corp DE increased its stake in shares of JPMorgan Active Growth ETF by 9.5% in the 2nd quarter. Bank of America Corp DE now owns 1,610,252 shares of the company’s stock valued at $138,594,000 after purchasing an additional 140,188 shares in the last quarter.

JPMorgan Active Growth ETF Stock Down 0.1%

Shares of NYSEARCA JGRO traded down $0.09 during midday trading on Friday, reaching $96.78. 494,960 shares of the stock were exchanged, compared to its average volume of 602,474. The firm has a market cap of $10.11 billion, a price-to-earnings ratio of 35.50 and a beta of 1.10. The firm has a 50-day simple moving average of $94.95 and a two-hundred day simple moving average of $92.37. JPMorgan Active Growth ETF has a twelve month low of $81.16 and a twelve month high of $99.73.

JPMorgan Active Growth ETF Company Profile

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.