JPMorgan Active Growth ETF (NYSEARCA:JGRO) Sees Large Decrease in Short Interest

JPMorgan Active Growth ETF (NYSEARCA:JGRO) was the recipient of a significant decrease in short interest in the month of December. As of December 31st, there was short interest totaling 176,609 shares, a decrease of 48.5% from the December 15th total of 342,805 shares. Based on an average daily trading volume, of 334,146 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.2% of the company’s shares are sold short. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 334,146 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. grew its stake in JPMorgan Active Growth ETF by 12.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 10,469,817 shares of the company’s stock worth $981,546,000 after acquiring an additional 1,118,113 shares in the last quarter. Vestmark Advisory Solutions Inc. raised its stake in shares of JPMorgan Active Growth ETF by 162.1% during the second quarter. Vestmark Advisory Solutions Inc. now owns 1,100,250 shares of the company’s stock valued at $94,699,000 after acquiring an additional 680,460 shares in the last quarter. Citadel Advisors LLC boosted its holdings in shares of JPMorgan Active Growth ETF by 2,198.7% in the third quarter. Citadel Advisors LLC now owns 614,156 shares of the company’s stock valued at $57,577,000 after purchasing an additional 587,439 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in JPMorgan Active Growth ETF by 140.1% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 754,876 shares of the company’s stock worth $65,282,000 after purchasing an additional 440,460 shares in the last quarter. Finally, Berman McAleer LLC bought a new position in JPMorgan Active Growth ETF in the third quarter worth approximately $41,172,000.

JPMorgan Active Growth ETF Trading Up 0.1%

Shares of JGRO stock traded up $0.13 on Thursday, reaching $92.61. 539,035 shares of the company’s stock were exchanged, compared to its average volume of 576,803. The company’s fifty day simple moving average is $93.21 and its 200 day simple moving average is $91.55. JPMorgan Active Growth ETF has a 52 week low of $63.33 and a 52 week high of $97.91. The stock has a market capitalization of $8.50 billion, a PE ratio of 35.50 and a beta of 1.09.

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.