JPMorgan Global Select Equity ETF (NASDAQ:JGLO) Short Interest Up 41.9% in March

JPMorgan Global Select Equity ETF (NASDAQ:JGLO) saw a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 38,000 shares, an increase of 41.9% from the February 26th total of 26,772 shares. Based on an average daily volume of 233,617 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the company’s shares are short sold.

JPMorgan Global Select Equity ETF Stock Performance

NASDAQ:JGLO traded down $0.88 during trading hours on Friday, reaching $63.37. The company’s stock had a trading volume of 96,641 shares, compared to its average volume of 198,843. The firm has a market capitalization of $6.42 billion, a price-to-earnings ratio of 23.79 and a beta of 0.90. The firm has a 50-day simple moving average of $68.02 and a 200-day simple moving average of $67.89. JPMorgan Global Select Equity ETF has a 1 year low of $51.78 and a 1 year high of $70.14.

Institutional Investors Weigh In On JPMorgan Global Select Equity ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Comerica Bank grew its position in JPMorgan Global Select Equity ETF by 279.3% during the 1st quarter. Comerica Bank now owns 1,358 shares of the company’s stock worth $80,000 after acquiring an additional 1,000 shares during the last quarter. Global Retirement Partners LLC bought a new stake in JPMorgan Global Select Equity ETF in the second quarter valued at approximately $406,000. J.W. Cole Advisors Inc. lifted its position in JPMorgan Global Select Equity ETF by 26.9% in the second quarter. J.W. Cole Advisors Inc. now owns 4,881 shares of the company’s stock valued at $314,000 after purchasing an additional 1,036 shares during the last quarter. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of JPMorgan Global Select Equity ETF during the second quarter valued at approximately $240,000. Finally, Marshall Wace LLP purchased a new stake in shares of JPMorgan Global Select Equity ETF during the second quarter valued at approximately $501,000.

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.