JPMorgan International Growth ETF (NYSEARCA:JIG) Sees Large Decrease in Short Interest

JPMorgan International Growth ETF (NYSEARCA:JIG) was the target of a significant drop in short interest during the month of March. As of March 13th, there was short interest totaling 24,194 shares, a drop of 24.9% from the February 26th total of 32,228 shares. Based on an average daily volume of 31,310 shares, the short-interest ratio is presently 0.8 days. Currently, 0.6% of the company’s stock are sold short.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Farther Finance Advisors LLC lifted its holdings in JPMorgan International Growth ETF by 280.3% in the third quarter. Farther Finance Advisors LLC now owns 734 shares of the company’s stock worth $55,000 after acquiring an additional 541 shares during the last quarter. Bank of America Corp DE lifted its holdings in JPMorgan International Growth ETF by 19,550.0% in the third quarter. Bank of America Corp DE now owns 786 shares of the company’s stock worth $59,000 after purchasing an additional 782 shares during the period. Capital Investment Advisory Services LLC bought a new position in JPMorgan International Growth ETF in the 3rd quarter valued at about $61,000. Richardson Financial Services Inc. bought a new position in JPMorgan International Growth ETF in the 3rd quarter valued at about $108,000. Finally, Private Trust Co. NA acquired a new position in JPMorgan International Growth ETF during the 3rd quarter valued at about $114,000.

JPMorgan International Growth ETF Stock Performance

NYSEARCA:JIG opened at $71.97 on Friday. The company has a market capitalization of $291.48 million, a price-to-earnings ratio of 24.51 and a beta of 0.93. JPMorgan International Growth ETF has a one year low of $53.65 and a one year high of $82.13. The stock has a 50-day simple moving average of $77.70 and a 200 day simple moving average of $75.92.

About JPMorgan International Growth ETF

The JPMorgan International Growth ETF (JIG) is an exchange-traded fund that is based on the MSCI EAFE Growth index. The fund is an actively-managed portfolio of global ex-US stocks fundamentally selected for growth and quality traits. JIG was launched on May 20, 2020 and is managed by JPMorgan Chase.