JPMorgan Global Select Equity ETF (NASDAQ:JGLO) Short Interest Up 1,644.8% in August

JPMorgan Global Select Equity ETF (NASDAQ:JGLO) saw a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 82,548 shares, a growth of 1,644.8% from the August 15th total of 4,731 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 185,069 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On JPMorgan Global Select Equity ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Comerica Bank boosted its holdings in JPMorgan Global Select Equity ETF by 279.3% in the first quarter. Comerica Bank now owns 1,358 shares of the company’s stock valued at $80,000 after acquiring an additional 1,000 shares in the last quarter. Marshall Wace LLP bought a new position in JPMorgan Global Select Equity ETF in the 2nd quarter worth $501,000. Qube Research & Technologies Ltd purchased a new stake in shares of JPMorgan Global Select Equity ETF in the 2nd quarter worth about $425,000. Jane Street Group LLC lifted its position in shares of JPMorgan Global Select Equity ETF by 335.1% in the 2nd quarter. Jane Street Group LLC now owns 602,721 shares of the company’s stock worth $38,779,000 after purchasing an additional 464,196 shares during the period. Finally, Bank of America Corp DE bought a new stake in shares of JPMorgan Global Select Equity ETF during the 2nd quarter valued at about $5,328,000.

JPMorgan Global Select Equity ETF Price Performance

JGLO traded up $0.72 during midday trading on Friday, reaching $72.83. 49,659 shares of the company’s stock traded hands, compared to its average volume of 215,132. The firm has a fifty day moving average of $72.77 and a two-hundred day moving average of $70.34. The stock has a market capitalization of $6.72 billion, a price-to-earnings ratio of 23.79 and a beta of 0.84. JPMorgan Global Select Equity ETF has a 52 week low of $63.17 and a 52 week high of $74.89.

JPMorgan Global Select Equity ETF Company Profile

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.