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

JPMorgan Global Select Equity ETF (NASDAQ:JGLO) was the recipient of a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 67,700 shares, an increase of 2,977.3% from the March 31st total of 2,200 shares. Based on an average daily volume of 525,000 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On JPMorgan Global Select Equity ETF

Several hedge funds and other institutional investors have recently made changes to their positions in JGLO. Global Retirement Partners LLC purchased a new position in JPMorgan Global Select Equity ETF in the first quarter worth approximately $120,000. Security Financial Services INC. purchased a new position in JPMorgan Global Select Equity ETF in the first quarter worth approximately $392,000. SFG Wealth Management LLC. purchased a new position in shares of JPMorgan Global Select Equity ETF during the first quarter worth $493,000. Lockerman Financial Group Inc. purchased a new position in shares of JPMorgan Global Select Equity ETF during the first quarter worth $623,000. Finally, Massmutual Trust Co. FSB ADV purchased a new position in shares of JPMorgan Global Select Equity ETF during the first quarter worth $1,680,000.

JPMorgan Global Select Equity ETF Stock Performance

NASDAQ:JGLO opened at $56.26 on Friday. JPMorgan Global Select Equity ETF has a one year low of $45.26 and a one year high of $59.20. The stock has a market cap of $2.79 billion, a PE ratio of 23.27 and a beta of 0.97. The stock has a 50 day moving average price of $56.79 and a 200 day moving average price of $52.77.

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.