JPMorgan International Growth ETF (NYSEARCA:JIG) Sees Significant Drop in Short Interest

JPMorgan International Growth ETF (NYSEARCA:JIG) was the target of a large decrease in short interest in September. As of September 15th, there was short interest totaling 33,842 shares, a decrease of 40.4% from the August 31st total of 56,738 shares. Based on an average daily volume of 23,984 shares, the days-to-cover ratio is presently 1.4 days. Currently, 0.5% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of JIG. Bank of America Corp DE raised its stake in shares of JPMorgan International Growth ETF by 36,029.8% during the first quarter. Bank of America Corp DE now owns 660,453 shares of the company’s stock worth $49,032,000 after acquiring an additional 658,625 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of JPMorgan International Growth ETF by 24.2% during the 1st quarter. Cetera Investment Advisers now owns 160,485 shares of the company’s stock valued at $11,914,000 after purchasing an additional 31,225 shares during the last quarter. Janney Montgomery Scott LLC raised its position in JPMorgan International Growth ETF by 6.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 278,618 shares of the company’s stock worth $20,685,000 after purchasing an additional 16,226 shares during the period. Envestnet Asset Management Inc. lifted its stake in JPMorgan International Growth ETF by 5.4% in the second quarter. Envestnet Asset Management Inc. now owns 313,705 shares of the company’s stock worth $27,347,000 after purchasing an additional 16,025 shares during the last quarter. Finally, Hopwood Nicholas Hunter purchased a new stake in JPMorgan International Growth ETF during the second quarter valued at about $1,111,000.

JPMorgan International Growth ETF Trading Up 1.1%

Shares of JIG traded up $0.95 during mid-day trading on Friday, reaching $84.79. 8,676 shares of the stock traded hands, compared to its average volume of 33,688. The company has a market cap of $532.50 million, a price-to-earnings ratio of 24.51 and a beta of 0.98. JPMorgan International Growth ETF has a 1 year low of $70.96 and a 1 year high of $89.04. The firm has a fifty day moving average price of $84.11 and a 200 day moving average price of $82.49.

JPMorgan International Growth ETF Company Profile

The JPMorgan International Growth ETF (JIG) is an exchange-traded fund that is based on the MSCI EAFE Growth index. The fund is an actively-managed portfolio of global ex-US stocks fundamentally selected for growth and quality traits. JIG was launched on May 20, 2020 and is managed by JPMorgan Chase.