Short Interest in JPMorgan Global Select Equity ETF (NASDAQ:JGLO) Grows By 557.3%

JPMorgan Global Select Equity ETF (NASDAQ:JGLO) was the target of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 35,408 shares, a growth of 557.3% from the May 31st total of 5,387 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 89,773 shares, the short-interest ratio is presently 0.4 days.

JPMorgan Global Select Equity ETF Price Performance

JPMorgan Global Select Equity ETF stock traded up $0.17 during trading hours on Friday, reaching $69.90. The stock had a trading volume of 161,536 shares, compared to its average volume of 206,554. The company has a fifty day simple moving average of $70.50 and a 200-day simple moving average of $68.80. JPMorgan Global Select Equity ETF has a 52 week low of $63.17 and a 52 week high of $71.82. The stock has a market cap of $7.08 billion, a PE ratio of 23.79 and a beta of 0.85.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of JGLO. Harbor Investment Advisory LLC purchased a new stake in JPMorgan Global Select Equity ETF in the first quarter worth $26,000. Quadrant Capital Group LLC bought a new position in JPMorgan Global Select Equity ETF in the 4th quarter worth $35,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of JPMorgan Global Select Equity ETF in the 3rd quarter worth about $36,000. Root Financial Partners LLC bought a new stake in shares of JPMorgan Global Select Equity ETF during the 1st quarter valued at about $60,000. Finally, National Bank of Canada FI bought a new stake in shares of JPMorgan Global Select Equity ETF during the 3rd quarter valued at about $74,000.

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.