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

JPMorgan Global Select Equity ETF (NASDAQ:JGLO) was the recipient of a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 2,989 shares, a decline of 49.8% from the July 15th total of 5,958 shares. Based on an average daily volume of 502,936 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

JPMorgan Global Select Equity ETF Trading Down 0.3%

Shares of JGLO traded down $0.19 during midday trading on Friday, reaching $74.52. The stock had a trading volume of 60,302 shares, compared to its average volume of 220,122. The company has a market capitalization of $6.88 billion, a price-to-earnings ratio of 23.79 and a beta of 0.84. The company’s 50-day moving average is $71.61 and its 200 day moving average is $69.76. JPMorgan Global Select Equity ETF has a 12-month low of $63.17 and a 12-month high of $74.89.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Harbor Investment Advisory LLC purchased a new position in shares of JPMorgan Global Select Equity ETF during the first quarter worth approximately $26,000. Quadrant Capital Group LLC purchased a new position in JPMorgan Global Select Equity ETF in the 4th quarter worth $35,000. Wilmington Savings Fund Society FSB bought a new stake in JPMorgan Global Select Equity ETF in the third quarter worth $36,000. Root Financial Partners LLC bought a new stake in JPMorgan Global Select Equity ETF in the first quarter worth $60,000. Finally, National Bank of Canada FI purchased a new stake in JPMorgan Global Select Equity ETF during the third quarter valued at about $74,000.

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.