Short Interest in JPMorgan Global Select Equity ETF (NASDAQ:JGLO) Decreases By 87.5%

JPMorgan Global Select Equity ETF (NASDAQ:JGLO) was the recipient of a significant drop in short interest in February. As of February 13th, there was short interest totaling 11,030 shares, a drop of 87.5% from the January 29th total of 88,099 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 213,077 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 213,077 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

JPMorgan Global Select Equity ETF Price Performance

Shares of JGLO stock traded up $0.43 during trading hours on Wednesday, hitting $70.00. The stock had a trading volume of 39,940 shares, compared to its average volume of 175,990. The stock has a market capitalization of $7.09 billion, a price-to-earnings ratio of 23.79 and a beta of 0.90. JPMorgan Global Select Equity ETF has a one year low of $51.78 and a one year high of $70.14. The stock’s 50-day moving average price is $68.82 and its two-hundred day moving average price is $67.88.

JPMorgan Global Select Equity ETF Dividend Announcement

The company also recently disclosed an annual dividend, which was paid on Thursday, December 18th. Stockholders of record on Tuesday, December 16th were issued a dividend of $0.8129 per share. This represents a dividend yield of 121.0%. The ex-dividend date of this dividend was Tuesday, December 16th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Jane Street Group LLC raised its stake in JPMorgan Global Select Equity ETF by 6,481.6% during the fourth quarter. Jane Street Group LLC now owns 5,375,353 shares of the company’s stock valued at $363,750,000 after purchasing an additional 5,293,681 shares in the last quarter. Vestmark Advisory Solutions Inc. increased its holdings in shares of JPMorgan Global Select Equity ETF by 118.3% in the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 1,557,022 shares of the company’s stock worth $100,179,000 after buying an additional 843,739 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of JPMorgan Global Select Equity ETF by 10.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,034,648 shares of the company’s stock valued at $66,569,000 after acquiring an additional 96,038 shares during the last quarter. Janney Montgomery Scott LLC grew its position in JPMorgan Global Select Equity ETF by 0.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 795,657 shares of the company’s stock worth $53,842,000 after acquiring an additional 2,157 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in JPMorgan Global Select Equity ETF by 8.2% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 584,303 shares of the company’s stock worth $39,762,000 after acquiring an additional 44,147 shares during the last quarter.

About JPMorgan Global Select Equity ETF

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.