Short Interest in JPMorgan International Growth ETF (NYSEARCA:JIG) Grows By 117.1%

JPMorgan International Growth ETF (NYSEARCA:JIG) was the recipient of a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 25,738 shares, a growth of 117.1% from the January 15th total of 11,856 shares. Approximately 0.6% of the company’s shares are short sold. Based on an average daily trading volume, of 17,886 shares, the days-to-cover ratio is presently 1.4 days. Based on an average daily trading volume, of 17,886 shares, the days-to-cover ratio is presently 1.4 days. Approximately 0.6% of the company’s shares are short sold.

JPMorgan International Growth ETF Stock Performance

Shares of JIG stock traded up $0.71 on Friday, hitting $79.82. The company had a trading volume of 26,590 shares, compared to its average volume of 42,673. JPMorgan International Growth ETF has a twelve month low of $53.65 and a twelve month high of $80.67. The firm has a market cap of $323.27 million, a P/E ratio of 24.51 and a beta of 0.93. The stock’s 50-day moving average is $75.98 and its two-hundred day moving average is $74.70.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Farther Finance Advisors LLC boosted its position in shares of JPMorgan International Growth ETF by 280.3% during the third quarter. Farther Finance Advisors LLC now owns 734 shares of the company’s stock valued at $55,000 after buying an additional 541 shares during the last quarter. Bank of America Corp DE boosted its holdings in JPMorgan International Growth ETF by 19,550.0% during the 3rd quarter. Bank of America Corp DE now owns 786 shares of the company’s stock worth $59,000 after acquiring an additional 782 shares during the last quarter. Capital Investment Advisory Services LLC bought a new stake in shares of JPMorgan International Growth ETF in the 3rd quarter worth $61,000. Richardson Financial Services Inc. bought a new stake in shares of JPMorgan International Growth ETF in the 3rd quarter worth $108,000. Finally, Private Trust Co. NA purchased a new stake in shares of JPMorgan International Growth ETF in the third quarter valued at about $114,000.

JPMorgan International Growth ETF Company Profile

The JPMorgan International Growth ETF (JIG) is an exchange-traded fund that is based on the MSCI EAFE Growth index. The fund is an actively-managed portfolio of global ex-US stocks fundamentally selected for growth and quality traits. JIG was launched on May 20, 2020 and is managed by JPMorgan Chase.