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

JPMorgan International Growth ETF (NYSEARCA:JIG) saw a large decline in short interest in February. As of February 13th, there was short interest totaling 21,129 shares, a decline of 17.9% from the January 29th total of 25,738 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average daily volume of 92,134 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 92,134 shares, the short-interest ratio is currently 0.2 days. Approximately 0.5% of the shares of the stock are sold short.

JPMorgan International Growth ETF Trading Up 2.1%

Shares of NYSEARCA:JIG traded up $1.63 on Wednesday, reaching $79.08. 81,211 shares of the company were exchanged, compared to its average volume of 41,498. The company has a 50-day moving average of $77.72 and a 200-day moving average of $75.53. The firm has a market cap of $320.27 million, a price-to-earnings ratio of 24.51 and a beta of 0.93. JPMorgan International Growth ETF has a 1-year low of $53.65 and a 1-year high of $82.13.

Institutional Investors Weigh In On JPMorgan International Growth ETF

Several institutional investors have recently modified their holdings of the company. Vestmark Advisory Solutions Inc. acquired a new stake in JPMorgan International Growth ETF in the 3rd quarter valued at about $13,405,000. Park Avenue Securities LLC purchased a new stake in shares of JPMorgan International Growth ETF in the third quarter valued at about $2,377,000. Envestnet Asset Management Inc. grew its position in shares of JPMorgan International Growth ETF by 2,998.8% in the third quarter. Envestnet Asset Management Inc. now owns 267,833 shares of the company’s stock valued at $20,179,000 after purchasing an additional 259,190 shares during the last quarter. Cetera Investment Advisers increased its stake in shares of JPMorgan International Growth ETF by 60.1% during the 2nd quarter. Cetera Investment Advisers now owns 41,173 shares of the company’s stock worth $2,944,000 after purchasing an additional 15,462 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its position in shares of JPMorgan International Growth ETF by 56.6% during the 3rd quarter. Jones Financial Companies Lllp now owns 94,672 shares of the company’s stock worth $7,038,000 after purchasing an additional 34,228 shares during the last quarter.

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.