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

JPMorgan Global Select Equity ETF (NASDAQ:JGLO) saw a significant decrease in short interest in May. As of May 29th, there was short interest totaling 5,387 shares, a decrease of 91.0% from the May 14th total of 59,901 shares. Based on an average daily trading volume, of 486,458 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are sold short.

JPMorgan Global Select Equity ETF Stock Performance

Shares of NASDAQ JGLO traded up $0.07 during mid-day trading on Tuesday, hitting $69.91. 59,802 shares of the stock traded hands, compared to its average volume of 221,370. JPMorgan Global Select Equity ETF has a 52 week low of $61.83 and a 52 week high of $71.82. The company has a market cap of $7.08 billion, a price-to-earnings ratio of 23.79 and a beta of 0.85. The stock has a fifty day moving average price of $69.54 and a 200-day moving average price of $68.53.

Institutional Investors Weigh In On JPMorgan Global Select Equity ETF

Hedge funds have recently made changes to their positions in the company. Jane Street Group LLC increased its stake in shares of JPMorgan Global Select Equity ETF by 6,481.6% in the 4th quarter. Jane Street Group LLC now owns 5,375,353 shares of the company’s stock worth $363,750,000 after acquiring an additional 5,293,681 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in shares of JPMorgan Global Select Equity ETF by 7.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 852,864 shares of the company’s stock worth $55,666,000 after acquiring an additional 57,207 shares in the last quarter. Vestmark Advisory Solutions Inc. increased its stake in shares of JPMorgan Global Select Equity ETF by 10.7% in the 4th quarter. Vestmark Advisory Solutions Inc. now owns 665,286 shares of the company’s stock worth $45,020,000 after acquiring an additional 64,092 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of JPMorgan Global Select Equity ETF by 8.2% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 584,303 shares of the company’s stock worth $39,762,000 after acquiring an additional 44,147 shares in the last quarter. Finally, Susquehanna International Group LLP increased its stake in shares of JPMorgan Global Select Equity ETF by 70.5% in the 3rd quarter. Susquehanna International Group LLP now owns 321,172 shares of the company’s stock worth $21,766,000 after acquiring an additional 132,825 shares in the last quarter.

About JPMorgan Global Select Equity ETF

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.