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

JPMorgan Global Select Equity ETF (NASDAQ:JGLO) saw a large drop in short interest in April. As of April 30th, there was short interest totaling 56,848 shares, a drop of 42.3% from the April 15th total of 98,552 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 361,055 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Harbor Investment Advisory LLC acquired a new position in shares of JPMorgan Global Select Equity ETF in the 1st quarter worth approximately $26,000. Jones Financial Companies Lllp acquired a new position in shares of JPMorgan Global Select Equity ETF in the 3rd quarter worth approximately $35,000. Quadrant Capital Group LLC acquired a new position in shares of JPMorgan Global Select Equity ETF in the 4th quarter worth approximately $35,000. Wilmington Savings Fund Society FSB acquired a new position in shares of JPMorgan Global Select Equity ETF in the 3rd quarter worth approximately $36,000. Finally, Root Financial Partners LLC acquired a new position in shares of JPMorgan Global Select Equity ETF in the 1st quarter worth approximately $60,000.

JPMorgan Global Select Equity ETF Stock Up 0.2%

Shares of JGLO traded up $0.14 during mid-day trading on Monday, hitting $70.64. The stock had a trading volume of 58,065 shares, compared to its average volume of 202,867. The company has a market cap of $7.16 billion, a PE ratio of 23.79 and a beta of 0.87. The company’s fifty day simple moving average is $67.90 and its two-hundred day simple moving average is $68.18. JPMorgan Global Select Equity ETF has a fifty-two week low of $60.23 and a fifty-two week high of $71.62.

JPMorgan Global Select Equity ETF Company Profile

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.