Short Interest in JPMorgan Active Growth ETF (NYSEARCA:JGRO) Decreases By 52.6%

JPMorgan Active Growth ETF (NYSEARCA:JGRO) was the target of a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 198,919 shares, a drop of 52.6% from the April 15th total of 419,766 shares. Based on an average daily trading volume, of 550,152 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.2% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of JGRO. MAI Capital Management acquired a new position in JPMorgan Active Growth ETF during the 3rd quarter worth $25,000. Pflug Koory LLC acquired a new position in JPMorgan Active Growth ETF during the 4th quarter worth $25,000. Hilton Head Capital Partners LLC acquired a new position in JPMorgan Active Growth ETF during the 4th quarter worth $28,000. O Shaughnessy Asset Management LLC lifted its position in JPMorgan Active Growth ETF by 59.5% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 303 shares of the company’s stock worth $28,000 after acquiring an additional 113 shares during the last quarter. Finally, Balentine LLC acquired a new position in JPMorgan Active Growth ETF during the 3rd quarter worth $29,000.

JPMorgan Active Growth ETF Trading Down 1.7%

JGRO traded down $1.68 during trading on Friday, hitting $97.14. The stock had a trading volume of 1,247,155 shares, compared to its average volume of 583,104. The firm has a market cap of $9.74 billion, a PE ratio of 35.50 and a beta of 1.09. JPMorgan Active Growth ETF has a 12 month low of $78.69 and a 12 month high of $98.94. The company has a 50 day simple moving average of $89.57 and a 200-day simple moving average of $91.35.

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.