JPMorgan Active Growth ETF (NYSEARCA:JGRO) Stock Short Interest Jumps 73.2%

JPMorgan Active Growth ETF (NYSEARCA:JGRO) was the target of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 138,977 shares, an increase of 73.2% from the September 30th total of 80,234 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 542,320 shares, the short-interest ratio is presently 0.3 days.

JPMorgan Active Growth ETF Price Performance

Shares of JGRO opened at $89.79 on Tuesday. The stock has a market cap of $9.41 billion, a price-to-earnings ratio of 35.50 and a beta of 1.09. The firm has a 50 day simple moving average of $94.98 and a 200-day simple moving average of $93.06. JPMorgan Active Growth ETF has a 1-year low of $81.16 and a 1-year high of $99.73.

Institutional Trading of JPMorgan Active Growth ETF

Several large investors have recently bought and sold shares of the company. Kestra Advisory Services LLC raised its holdings in shares of JPMorgan Active Growth ETF by 40.2% during the third quarter. Kestra Advisory Services LLC now owns 277,206 shares of the company’s stock worth $26,773,000 after purchasing an additional 79,530 shares during the period. Cordgrass Capital Advisors LLC boosted its holdings in shares of JPMorgan Active Growth ETF by 15.4% in the 3rd quarter. Cordgrass Capital Advisors LLC now owns 31,606 shares of the company’s stock valued at $3,053,000 after buying an additional 4,211 shares during the period. Ascent Group LLC boosted its holdings in shares of JPMorgan Active Growth ETF by 3.2% in the 3rd quarter. Ascent Group LLC now owns 41,591 shares of the company’s stock valued at $4,017,000 after buying an additional 1,287 shares during the period. Provenance Wealth Advisors LLC raised its stake in JPMorgan Active Growth ETF by 8.3% during the third quarter. Provenance Wealth Advisors LLC now owns 606,086 shares of the company’s stock worth $58,536,000 after acquiring an additional 46,592 shares during the period. Finally, International Assets Investment Management LLC raised its stake in JPMorgan Active Growth ETF by 7.8% during the third quarter. International Assets Investment Management LLC now owns 3,902 shares of the company’s stock worth $350,000 after acquiring an additional 284 shares during the period.

About JPMorgan Active Growth ETF

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.