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

JPMorgan Global Select Equity ETF (NASDAQ:JGLO) saw a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 5,387 shares, a decrease of 91.0% from the May 14th total of 59,901 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 486,458 shares, the short-interest ratio is presently 0.0 days.

JPMorgan Global Select Equity ETF Stock Up 0.1%

Shares of JGLO stock traded up $0.07 during trading on Tuesday, hitting $69.91. The company had a trading volume of 59,802 shares, compared to its average volume of 221,370. JPMorgan Global Select Equity ETF has a 52 week low of $61.83 and a 52 week high of $71.82. The stock has a market capitalization of $7.08 billion, a price-to-earnings ratio of 23.79 and a beta of 0.85. The stock’s 50-day moving average is $69.54 and its two-hundred day moving average is $68.53.

Institutional Trading of JPMorgan Global Select Equity ETF

A number of hedge funds have recently made changes to their positions in JGLO. Arlington Financial Advisors LLC boosted its stake in shares of JPMorgan Global Select Equity ETF by 3.2% in the 4th quarter. Arlington Financial Advisors LLC now owns 317,216 shares of the company’s stock valued at $21,466,000 after purchasing an additional 9,819 shares in the last quarter. Econ Financial Services Corp bought a new position in shares of JPMorgan Global Select Equity ETF during the 4th quarter valued at $3,324,000. HUB Investment Partners LLC bought a new position in shares of JPMorgan Global Select Equity ETF during the 3rd quarter valued at $8,018,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of JPMorgan Global Select Equity ETF by 156.0% during the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 540,156 shares of the company’s stock valued at $36,606,000 after purchasing an additional 329,183 shares during the last quarter. Finally, Signet Financial Management LLC grew its holdings in shares of JPMorgan Global Select Equity ETF by 35.1% during the 4th quarter. Signet Financial Management LLC now owns 36,113 shares of the company’s stock valued at $2,444,000 after purchasing an additional 9,390 shares during the last quarter.

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. The selection process integrates ESG factors. JGLO was launched on Sep 13, 2023 and is issued by JPMorgan Chase.