JPMorgan Active Growth ETF (NYSEARCA:JGRO) Short Interest Up 25.6% in January

JPMorgan Active Growth ETF (NYSEARCA:JGRO) was the target of a large growth in short interest in January. As of January 15th, there was short interest totaling 221,803 shares, a growth of 25.6% from the December 31st total of 176,609 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily volume of 576,836 shares, the short-interest ratio is currently 0.4 days. Based on an average daily volume of 576,836 shares, the short-interest ratio is currently 0.4 days. Approximately 0.2% of the shares of the stock are short sold.

JPMorgan Active Growth ETF Price Performance

Shares of JGRO traded down $1.42 during midday trading on Tuesday, hitting $90.15. 400,910 shares of the company traded hands, compared to its average volume of 620,706. The stock has a 50-day moving average of $93.08 and a 200-day moving average of $92.10. JPMorgan Active Growth ETF has a one year low of $63.33 and a one year high of $97.91. The firm has a market cap of $8.37 billion, a P/E ratio of 35.50 and a beta of 1.09.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in JGRO. Riverstone Advisors LLC bought a new position in shares of JPMorgan Active Growth ETF during the 2nd quarter valued at about $275,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in JPMorgan Active Growth ETF during the third quarter valued at approximately $1,867,000. Ascent Group LLC raised its stake in shares of JPMorgan Active Growth ETF by 92.4% during the third quarter. Ascent Group LLC now owns 36,538 shares of the company’s stock worth $3,425,000 after acquiring an additional 17,550 shares in the last quarter. Daymark Wealth Partners LLC lifted its holdings in shares of JPMorgan Active Growth ETF by 4.5% in the 3rd quarter. Daymark Wealth Partners LLC now owns 373,145 shares of the company’s stock worth $34,982,000 after acquiring an additional 16,156 shares during the last quarter. Finally, Formidable Asset Management LLC raised its position in JPMorgan Active Growth ETF by 18.3% in the 3rd quarter. Formidable Asset Management LLC now owns 60,527 shares of the company’s stock worth $5,210,000 after purchasing an additional 9,342 shares during the period.

About JPMorgan Active Growth ETF

The Jpmorgan Active Growth ETF (JGRO) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed to invest in US large-cap companies perceived to have strong earnings growth potential. JGRO was launched on Aug 8, 2022 and is managed by JPMorgan Chase.