Jensen Quality Growth ETF (NYSEARCA:JGRW) Sees Significant Drop in Short Interest

Jensen Quality Growth ETF (NYSEARCA:JGRW) was the target of a large decrease in short interest in December. As of December 15th, there was short interest totaling 44,955 shares, a decrease of 39.9% from the November 30th total of 74,744 shares. Based on an average daily volume of 18,334 shares, the short-interest ratio is presently 2.5 days. Currently, 1.7% of the shares of the stock are short sold. Currently, 1.7% of the shares of the stock are short sold. Based on an average daily volume of 18,334 shares, the short-interest ratio is presently 2.5 days.

Institutional Trading of Jensen Quality Growth ETF

A hedge fund recently raised its stake in Jensen Quality Growth ETF stock. Kelleher Financial Advisors boosted its position in Jensen Quality Growth ETF (NYSEARCA:JGRW) by 17.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 75,043 shares of the company’s stock after purchasing an additional 11,006 shares during the period. Kelleher Financial Advisors owned about 2.77% of Jensen Quality Growth ETF worth $2,048,000 as of its most recent SEC filing.

Jensen Quality Growth ETF Stock Performance

Shares of Jensen Quality Growth ETF stock traded down $0.04 on Tuesday, reaching $27.28. 5,328 shares of the company’s stock were exchanged, compared to its average volume of 25,007. The company has a market capitalization of $73.93 million, a P/E ratio of 31.47 and a beta of 0.74. Jensen Quality Growth ETF has a 52 week low of $22.86 and a 52 week high of $27.60. The firm’s 50-day moving average is $27.01 and its two-hundred day moving average is $26.84.

Jensen Quality Growth ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Friday, November 14th were given a dividend of $0.0338 per share. The ex-dividend date of this dividend was Friday, November 14th. This is a boost from Jensen Quality Growth ETF’s previous quarterly dividend of $0.02. This represents a $0.14 annualized dividend and a dividend yield of 0.5%.

About Jensen Quality Growth ETF

The Jensen Quality Growth ETF (JGRW) is an exchange-traded fund that mostly invests in total market equity. The fund seeks long-term capital growth through an actively managed portfolio of US stocks exhibiting growth and quality characteristics. JGRW was launched on Aug 13, 2024 and is issued by Jensen.