Short Interest in JPMorgan Active Growth ETF (NYSEARCA:JGRO) Decreases By 34.2%

JPMorgan Active Growth ETF (NYSEARCA:JGRO) was the target of a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 89,953 shares, a decrease of 34.2% from the July 30th total of 136,626 shares. Based on an average daily volume of 632,203 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Investors Weigh In On JPMorgan Active Growth ETF

Several large investors have recently added to or reduced their stakes in the company. Marshall Wace LLP purchased a new position in shares of JPMorgan Active Growth ETF in the second quarter worth about $2,557,000. Qube Research & Technologies Ltd grew its stake in JPMorgan Active Growth ETF by 36.9% in the 2nd quarter. Qube Research & Technologies Ltd now owns 32,806 shares of the company’s stock valued at $2,824,000 after buying an additional 8,845 shares in the last quarter. Raymond James Financial Inc. grew its stake in JPMorgan Active Growth ETF by 3.1% in the 2nd quarter. Raymond James Financial Inc. now owns 1,534,344 shares of the company’s stock valued at $132,061,000 after buying an additional 45,507 shares in the last quarter. Jane Street Group LLC bought a new stake in JPMorgan Active Growth ETF during the 2nd quarter valued at $5,569,000. Finally, Bank of America Corp DE raised its holdings in JPMorgan Active Growth ETF by 9.5% during the 2nd quarter. Bank of America Corp DE now owns 1,610,252 shares of the company’s stock valued at $138,594,000 after acquiring an additional 140,188 shares during the period.

JPMorgan Active Growth ETF Stock Performance

NYSEARCA:JGRO traded up $0.47 during trading hours on Wednesday, reaching $93.55. The stock had a trading volume of 68,202 shares, compared to its average volume of 589,883. The stock has a market cap of $9.77 billion, a P/E ratio of 35.50 and a beta of 1.10. The stock has a 50 day simple moving average of $94.56 and a 200 day simple moving average of $92.69. JPMorgan Active Growth ETF has a 12-month low of $81.16 and a 12-month high of $99.73.

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.