JPMorgan Global Select Equity ETF (NASDAQ:JGLO) Sees Large Increase in Short Interest

JPMorgan Global Select Equity ETF (NASDAQ:JGLO) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 35,408 shares, an increase of 557.3% from the May 31st total of 5,387 shares. Based on an average daily volume of 89,773 shares, the short-interest ratio is currently 0.4 days. Currently, 0.0% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC lifted its stake in shares of JPMorgan Global Select Equity ETF by 3.0% in the first quarter. NewEdge Advisors LLC now owns 12,683 shares of the company’s stock worth $828,000 after buying an additional 373 shares in the last quarter. Gateway Wealth Partners LLC lifted its stake in shares of JPMorgan Global Select Equity ETF by 156.2% in the 1st quarter. Gateway Wealth Partners LLC now owns 13,825 shares of the company’s stock valued at $902,000 after purchasing an additional 8,428 shares during the last quarter. Ascension Capital Advisors Inc. purchased a new position in JPMorgan Global Select Equity ETF during the first quarter worth about $349,000. Cetera Investment Advisers increased its holdings in JPMorgan Global Select Equity ETF by 12.0% in the 1st quarter. Cetera Investment Advisers now owns 274,866 shares of the company’s stock valued at $17,940,000 after purchasing an additional 29,474 shares during the last quarter. Finally, Signet Financial Management LLC raised its holdings in shares of JPMorgan Global Select Equity ETF by 79.3% in the 1st quarter. Signet Financial Management LLC now owns 64,754 shares of the company’s stock valued at $4,227,000 after buying an additional 28,641 shares during the period.

JPMorgan Global Select Equity ETF Trading Up 0.2%

NASDAQ:JGLO traded up $0.17 during trading hours on Friday, hitting $69.90. 161,536 shares of the stock were exchanged, compared to its average volume of 206,554. The firm’s fifty day moving average price is $70.50 and its 200 day moving average price is $68.80. JPMorgan Global Select Equity ETF has a 52-week low of $63.17 and a 52-week high of $71.82. The company has a market cap of $7.08 billion, a P/E ratio of 23.79 and a beta of 0.85.

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.