JPMorgan Active Developing Markets Equity ETF (NYSEARCA:JADE – Get Free Report) was the target of a significant increase in short interest in June. As of June 15th, there was short interest totaling 21,137 shares, an increase of 264.8% from the May 31st total of 5,794 shares. Approximately 5.3% of the company’s shares are sold short. Based on an average trading volume of 4,001 shares, the short-interest ratio is presently 5.3 days.
Hedge Funds Weigh In On JPMorgan Active Developing Markets Equity ETF
An institutional investor recently bought a new position in JPMorgan Active Developing Markets Equity ETF stock. Assetmark Inc. purchased a new position in JPMorgan Active Developing Markets Equity ETF (NYSEARCA:JADE – Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 32,081 shares of the company’s stock, valued at approximately $2,126,000. Assetmark Inc. owned approximately 8.02% of JPMorgan Active Developing Markets Equity ETF at the end of the most recent reporting period. Hedge funds and other institutional investors own 29.47% of the company’s stock.
JPMorgan Active Developing Markets Equity ETF Price Performance
JPMorgan Active Developing Markets Equity ETF stock traded down $0.70 during mid-day trading on Friday, reaching $78.39. 432 shares of the company traded hands, compared to its average volume of 3,601. The firm’s 50 day moving average price is $77.14 and its 200 day moving average price is $70.74. The firm has a market capitalization of $31.36 million, a price-to-earnings ratio of -153.71 and a beta of 0.80. JPMorgan Active Developing Markets Equity ETF has a 52-week low of $53.92 and a 52-week high of $82.75.
About JPMorgan Active Developing Markets Equity ETF
The JPMorgan Active Developing Markets Equity ETF (JADE) is an exchange-traded fund that mostly invests in total market equity. The fund is a pure actively managed ETF, investing in equities and equity-related securities tied to emerging markets. The fund is focused on both growth and value stocks, aiming for long-term growth of capital JADE was launched on May 16, 2024 and is issued by JPMorgan Chase.
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