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 growth in short interest in the month of October. As of October 30th, there was short interest totaling 28,052 shares, a growth of 261.4% from the October 15th total of 7,762 shares. Based on an average daily trading volume, of 178,428 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the shares of the company are short sold.

JPMorgan Global Select Equity ETF Stock Performance

Shares of NASDAQ JGLO traded down $0.27 during midday trading on Thursday, reaching $71.34. The stock had a trading volume of 11,063 shares, compared to its average volume of 205,080. JPMorgan Global Select Equity ETF has a 12-month low of $63.17 and a 12-month high of $74.89. The stock has a 50-day moving average of $72.27 and a 200-day moving average of $70.62. The company has a market capitalization of $6.24 billion, a price-to-earnings ratio of 23.79 and a beta of 0.85.

Hedge Funds Weigh In On JPMorgan Global Select Equity ETF

A number of hedge funds and other institutional investors have recently modified their holdings of JGLO. Orion Capital Management LLC purchased a new stake in shares of JPMorgan Global Select Equity ETF during the 2nd quarter worth approximately $25,000. Harbor Investment Advisory LLC raised its stake in shares of JPMorgan Global Select Equity ETF by 35.0% in the second quarter. Harbor Investment Advisory LLC now owns 540 shares of the company’s stock valued at $38,000 after acquiring an additional 140 shares during the period. Root Financial Partners LLC bought a new stake in JPMorgan Global Select Equity ETF in the third quarter worth about $48,000. Capital Analysts LLC boosted its holdings in JPMorgan Global Select Equity ETF by 99.3% during the 2nd quarter. Capital Analysts LLC now owns 811 shares of the company’s stock valued at $58,000 after acquiring an additional 404 shares during the period. Finally, Kestra Advisory Services LLC purchased a new stake in shares of JPMorgan Global Select Equity ETF during the first quarter valued at $220,000.

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.