JPMorgan Active Developing Markets Equity ETF (NYSEARCA:JADE) Shares Shorted: Short Interest Down 82.3% in October

JPMorgan Active Developing Markets Equity ETF (NYSEARCA:JADE) was the recipient of a large drop in short interest during the month of October. As of October 30th, there was short interest totaling 2,746 shares, a drop of 82.3% from the October 15th total of 15,500 shares. Approximately 0.7% of the shares of the company are sold short. Based on an average trading volume of 3,384 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JADE. Assetmark Inc. purchased a new stake in JPMorgan Active Developing Markets Equity ETF during the 1st quarter valued at $2,126,000. Eclectic Associates Inc. ADV purchased a new position in shares of JPMorgan Active Developing Markets Equity ETF in the 3rd quarter worth $1,723,000. Citadel Advisors LLC grew its holdings in shares of JPMorgan Active Developing Markets Equity ETF by 81.7% in the second quarter. Citadel Advisors LLC now owns 17,195 shares of the company’s stock worth $1,378,000 after acquiring an additional 7,734 shares during the period. Cooper Financial Group grew its holdings in shares of JPMorgan Active Developing Markets Equity ETF by 16.7% in the second quarter. Cooper Financial Group now owns 14,948 shares of the company’s stock worth $1,198,000 after acquiring an additional 2,141 shares during the period. Finally, Integrated Wealth Concepts LLC increased its position in JPMorgan Active Developing Markets Equity ETF by 46.4% during the second quarter. Integrated Wealth Concepts LLC now owns 4,433 shares of the company’s stock valued at $355,000 after acquiring an additional 1,406 shares during the last quarter. Institutional investors own 29.47% of the company’s stock.

JPMorgan Active Developing Markets Equity ETF Stock Performance

Shares of JADE stock traded down $1.38 during trading hours on Thursday, reaching $71.41. The company had a trading volume of 2,852 shares, compared to its average volume of 3,159. The business has a fifty day moving average price of $77.04 and a 200-day moving average price of $75.04. JPMorgan Active Developing Markets Equity ETF has a one year low of $60.13 and a one year high of $82.75. The firm has a market cap of $28.56 million, a PE ratio of -140.02 and a beta of 0.94.

JPMorgan Active Developing Markets Equity ETF Company Profile

The JPMorgan Active Developing Markets Equity ETF (JADE) is an exchange-traded fund that mostly invests in total market equity. The fund is a pure actively managed ETF, investing in equities and equity-related securities tied to emerging markets. The fund is focused on both growth and value stocks, aiming for long-term growth of capital JADE was launched on May 16, 2024 and is issued by JPMorgan Chase.