JPMorgan Active Growth ETF (NYSEARCA:JGRO) Sees Large Increase in Short Interest

JPMorgan Active Growth ETF (NYSEARCA:JGRO) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 215,787 shares, a growth of 139.9% from the August 15th total of 89,953 shares. Based on an average trading volume of 464,265 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.2% of the company’s shares are sold short.

JPMorgan Active Growth ETF Trading Down 0.4%

JPMorgan Active Growth ETF stock traded down $0.33 during mid-day trading on Tuesday, hitting $92.99. The stock had a trading volume of 95,430 shares, compared to its average volume of 583,620. The stock has a 50-day simple moving average of $94.23 and a two-hundred day simple moving average of $93.04. The stock has a market capitalization of $9.71 billion, a PE ratio of 35.50 and a beta of 1.10. JPMorgan Active Growth ETF has a 12 month low of $81.16 and a 12 month high of $99.73.

Institutional Investors Weigh In On JPMorgan Active Growth ETF

Hedge funds have recently bought and sold shares of the company. Capital Analysts LLC grew its position in shares of JPMorgan Active Growth ETF by 33.6% in the 2nd quarter. Capital Analysts LLC now owns 1,729 shares of the company’s stock valued at $170,000 after purchasing an additional 435 shares during the period. Integrated Wealth Concepts LLC lifted its position in shares of JPMorgan Active Growth ETF by 92.4% in the second quarter. Integrated Wealth Concepts LLC now owns 688,667 shares of the company’s stock worth $67,896,000 after purchasing an additional 330,674 shares in the last quarter. Community Bank N.A. acquired a new position in JPMorgan Active Growth ETF during the second quarter worth $59,000. IFP Advisors Inc grew its position in JPMorgan Active Growth ETF by 14.5% in the second quarter. IFP Advisors Inc now owns 43,923 shares of the company’s stock valued at $4,330,000 after purchasing an additional 5,563 shares in the last quarter. Finally, Ameritas Advisory Services LLC increased its stake in JPMorgan Active Growth ETF by 124.7% in the 2nd quarter. Ameritas Advisory Services LLC now owns 10,739 shares of the company’s stock valued at $1,059,000 after buying an additional 5,960 shares during the last quarter.

JPMorgan Active Growth ETF Company Profile

The Jpmorgan Active Growth ETF (JGRO) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed to invest in US large-cap companies perceived to have strong earnings growth potential. JGRO was launched on Aug 8, 2022 and is managed by JPMorgan Chase.