JPMorgan Active Growth ETF (NYSEARCA:JGRO) Sees Large Increase in Short Interest

JPMorgan Active Growth ETF (NYSEARCA:JGRO) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 138,977 shares, an increase of 73.2% from the September 30th total of 80,234 shares. Based on an average trading volume of 542,320 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the shares of the stock are short sold.

JPMorgan Active Growth ETF Stock Performance

JPMorgan Active Growth ETF stock opened at $90.59 on Wednesday. The company has a market cap of $9.50 billion, a P/E ratio of 27.74 and a beta of 1.11. JPMorgan Active Growth ETF has a one year low of $81.16 and a one year high of $99.73. The business has a fifty day moving average of $94.93 and a two-hundred day moving average of $93.05.

Hedge Funds Weigh In On JPMorgan Active Growth ETF

Large investors have recently made changes to their positions in the stock. TD Waterhouse Canada Inc. grew its holdings in JPMorgan Active Growth ETF by 114.1% in the third quarter. TD Waterhouse Canada Inc. now owns 486 shares of the company’s stock valued at $47,000 after purchasing an additional 259 shares during the last quarter. Community Bank N.A. purchased a new position in shares of JPMorgan Active Growth ETF in the second quarter valued at $59,000. Cornerstone Planning Group LLC purchased a new position in shares of JPMorgan Active Growth ETF in the first quarter valued at $84,000. Centaurus Financial Inc. acquired a new position in shares of JPMorgan Active Growth ETF during the 1st quarter worth $123,000. Finally, Capital Analysts LLC raised its stake in shares of JPMorgan Active Growth ETF by 33.6% during the 2nd quarter. Capital Analysts LLC now owns 1,729 shares of the company’s stock worth $170,000 after buying an additional 435 shares during the last quarter.

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.