JPMorgan Active Growth ETF (NYSEARCA:JGRO) Short Interest Down 58.0% in July

JPMorgan Active Growth ETF (NYSEARCA:JGRO) saw a large drop in short interest in July. As of July 31st, there was short interest totaling 136,626 shares, a drop of 58.0% from the July 15th total of 325,009 shares. Based on an average trading volume of 789,719 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the stock are short sold.

Institutional Trading of JPMorgan Active Growth ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its position in JPMorgan Active Growth ETF by 23.6% during the 4th quarter. JPMorgan Chase & Co. now owns 12,942,682 shares of the company’s stock worth $1,201,081,000 after buying an additional 2,472,865 shares during the period. LPL Financial LLC raised its stake in shares of JPMorgan Active Growth ETF by 14.7% during the fourth quarter. LPL Financial LLC now owns 6,922,629 shares of the company’s stock valued at $642,420,000 after acquiring an additional 884,710 shares during the last quarter. Captrust Financial Advisors lifted its holdings in shares of JPMorgan Active Growth ETF by 5.0% during the fourth quarter. Captrust Financial Advisors now owns 3,917,245 shares of the company’s stock worth $363,520,000 after purchasing an additional 186,762 shares during the period. Raymond James Financial Inc. grew its stake in shares of JPMorgan Active Growth ETF by 20.2% in the fourth quarter. Raymond James Financial Inc. now owns 2,306,569 shares of the company’s stock worth $214,050,000 after purchasing an additional 387,862 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in shares of JPMorgan Active Growth ETF by 14.0% in the first quarter. Bank of America Corp DE now owns 2,231,576 shares of the company’s stock worth $188,613,000 after purchasing an additional 274,085 shares during the last quarter.

JPMorgan Active Growth ETF Price Performance

JGRO stock traded up $0.36 during midday trading on Monday, reaching $97.14. 231,633 shares of the stock were exchanged, compared to its average volume of 599,845. JPMorgan Active Growth ETF has a 52 week low of $81.16 and a 52 week high of $99.73. The company has a fifty day moving average price of $94.95 and a 200 day moving average price of $92.37. The stock has a market capitalization of $10.15 billion, a PE ratio of 35.50 and a beta of 1.10.

About JPMorgan Active Growth ETF

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.