JPMorgan Active Developing Markets Equity ETF (NYSEARCA:JADE – Get Free Report) saw a large decline in short interest in July. As of July 15th, there was short interest totaling 6,937 shares, a decline of 76.0% from the June 30th total of 28,856 shares. Based on an average daily volume of 2,799 shares, the days-to-cover ratio is presently 2.5 days. Currently, 1.7% of the shares of the company are short sold.
JPMorgan Active Developing Markets Equity ETF Price Performance
Shares of JADE stock traded down $1.35 during trading hours on Friday, reaching $75.23. 6,836 shares of the company’s stock were exchanged, compared to its average volume of 3,482. The company has a market cap of $30.09 million, a P/E ratio of -147.51 and a beta of 0.80. The company’s 50 day moving average is $78.07 and its two-hundred day moving average is $72.83. JPMorgan Active Developing Markets Equity ETF has a 1 year low of $53.92 and a 1 year high of $82.75.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the business. Assetmark Inc. acquired a new stake in shares of JPMorgan Active Developing Markets Equity ETF in the first quarter valued at about $2,126,000. Eclectic Associates Inc. ADV acquired a new position in JPMorgan Active Developing Markets Equity ETF during the second quarter worth about $960,000. Finally, Cooper Financial Group increased its holdings in 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 valued at $1,198,000 after buying an additional 2,141 shares in the last quarter. Hedge funds and other institutional investors own 29.47% of the company’s stock.
About JPMorgan Active Developing Markets Equity ETF
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.
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