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

JPMorgan Global Select Equity ETF (NASDAQ:JGLO) was the target of a significant decline in short interest in the month of February. As of February 15th, there was short interest totalling 13,400 shares, a decline of 23.4% from the January 31st total of 17,500 shares. Based on an average daily volume of 165,500 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On JPMorgan Global Select Equity ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Principal Securities Inc. acquired a new position in JPMorgan Global Select Equity ETF during the 4th quarter valued at $49,000. HighTower Advisors LLC bought a new position in shares of JPMorgan Global Select Equity ETF during the 4th quarter worth about $205,000. Advisory Services Network LLC acquired a new position in shares of JPMorgan Global Select Equity ETF during the fourth quarter valued at about $213,000. Marshall Wace LLP bought a new stake in shares of JPMorgan Global Select Equity ETF in the fourth quarter valued at about $267,000. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in shares of JPMorgan Global Select Equity ETF by 5.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,185 shares of the company’s stock valued at $325,000 after buying an additional 258 shares during the period.

JPMorgan Global Select Equity ETF Stock Performance

NASDAQ JGLO opened at $60.99 on Tuesday. The stock has a 50-day simple moving average of $61.43 and a 200 day simple moving average of $61.99. JPMorgan Global Select Equity ETF has a twelve month low of $55.04 and a twelve month high of $64.10. The stock has a market capitalization of $6.62 billion, a PE ratio of 22.80 and a beta of 1.02.

JPMorgan Global Select Equity ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, December 27th. Shareholders of record on Tuesday, December 24th were given a $0.3773 dividend. The ex-dividend date was Tuesday, December 24th.

JPMorgan Global Select Equity ETF Company Profile

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.