JPMorgan Active Growth ETF (NYSEARCA:JGRO) Short Interest Down 58.0% in July

JPMorgan Active Growth ETF (NYSEARCA:JGRO) was the recipient of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 136,626 shares, a drop of 58.0% from the July 15th total of 325,009 shares. Based on an average trading volume of 789,719 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s shares are short sold.

JPMorgan Active Growth ETF Stock Down 0.1%

Shares of NYSEARCA JGRO traded down $0.09 during midday trading on Friday, hitting $96.78. The stock had a trading volume of 494,960 shares, compared to its average volume of 602,474. The company has a market capitalization of $10.11 billion, a price-to-earnings ratio of 35.50 and a beta of 1.10. JPMorgan Active Growth ETF has a 1-year low of $81.16 and a 1-year high of $99.73. The company has a fifty day moving average price of $94.95 and a 200 day moving average price of $92.37.

Hedge Funds Weigh In On JPMorgan Active Growth ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. grew its stake in shares of JPMorgan Active Growth ETF by 23.6% during the fourth quarter. JPMorgan Chase & Co. now owns 12,942,682 shares of the company’s stock valued at $1,201,081,000 after acquiring an additional 2,472,865 shares in the last quarter. LPL Financial LLC boosted its stake in JPMorgan Active Growth ETF by 14.7% in the fourth quarter. LPL Financial LLC now owns 6,922,629 shares of the company’s stock valued at $642,420,000 after acquiring an additional 884,710 shares during the period. Captrust Financial Advisors boosted its position in JPMorgan Active Growth ETF by 5.0% during the 4th quarter. Captrust Financial Advisors now owns 3,917,245 shares of the company’s stock valued at $363,520,000 after purchasing an additional 186,762 shares during the period. Raymond James Financial Inc. grew its position in JPMorgan Active Growth ETF by 20.2% in the 4th quarter. Raymond James Financial Inc. now owns 2,306,569 shares of the company’s stock worth $214,050,000 after purchasing an additional 387,862 shares during the last quarter. Finally, Bank of America Corp DE increased its position in JPMorgan Active Growth ETF by 14.0% in the 1st quarter. Bank of America Corp DE now owns 2,231,576 shares of the company’s stock valued at $188,613,000 after acquiring an additional 274,085 shares during the period.

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.