Jensen Quality Growth ETF (NYSEARCA:JGRW) Sees Large Decrease in Short Interest

Jensen Quality Growth ETF (NYSEARCA:JGRW) was the target of a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 256 shares, a decline of 50.7% from the September 15th total of 519 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 38,979 shares, the short-interest ratio is presently 0.0 days.

Jensen Quality Growth ETF Stock Up 1.6%

Shares of NYSEARCA JGRW traded up $0.45 during mid-day trading on Thursday, hitting $28.64. 3,650 shares of the company were exchanged, compared to its average volume of 17,702. The stock has a 50 day simple moving average of $28.00 and a 200-day simple moving average of $27.17. Jensen Quality Growth ETF has a 1-year low of $23.59 and a 1-year high of $28.96. The firm has a market cap of $73.32 million, a price-to-earnings ratio of 31.47 and a beta of 0.82.

Jensen Quality Growth ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 21st. Shareholders of record on Friday, September 18th were given a dividend of $0.0220 per share. This represents a $0.09 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Friday, September 18th. This is a decrease from Jensen Quality Growth ETF’s previous quarterly dividend of $0.0395.

About Jensen Quality Growth ETF

The Jensen Quality Growth ETF (JGRW) is an exchange-traded fund that mostly invests in total market equity. The fund seeks long-term capital growth through an actively managed portfolio of US stocks exhibiting growth and quality characteristics. JGRW was launched on Aug 13, 2024 and is issued by Jensen.