JPMorgan Global Select Equity ETF (NASDAQ:JGLO) Sees Significant Decrease in Short Interest

JPMorgan Global Select Equity ETF (NASDAQ:JGLO) was the recipient of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 2,989 shares, a decrease of 49.8% from the July 15th total of 5,958 shares. Based on an average trading volume of 502,936 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Hedge Funds Weigh In On JPMorgan Global Select Equity ETF

A number of hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC boosted its stake in JPMorgan Global Select Equity ETF by 6,481.6% during the 4th quarter. Jane Street Group LLC now owns 5,375,353 shares of the company’s stock valued at $363,750,000 after purchasing an additional 5,293,681 shares during the last quarter. Susquehanna International Group LLP raised its stake in shares of JPMorgan Global Select Equity ETF by 70.5% in the third quarter. Susquehanna International Group LLP now owns 321,172 shares of the company’s stock worth $21,766,000 after purchasing an additional 132,825 shares during the last quarter. Bank of America Corp DE bought a new position in shares of JPMorgan Global Select Equity ETF during the second quarter valued at $5,328,000. Vestmark Advisory Solutions Inc. boosted its position in shares of JPMorgan Global Select Equity ETF by 10.7% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 665,286 shares of the company’s stock valued at $45,020,000 after buying an additional 64,092 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in shares of JPMorgan Global Select Equity ETF by 7.2% during the first quarter. Janney Montgomery Scott LLC now owns 852,864 shares of the company’s stock valued at $55,666,000 after buying an additional 57,207 shares during the last quarter.

JPMorgan Global Select Equity ETF Stock Performance

Shares of JGLO traded down $0.78 during trading hours on Tuesday, hitting $73.51. The company had a trading volume of 467,256 shares, compared to its average volume of 221,874. The stock has a market capitalization of $6.79 billion, a price-to-earnings ratio of 23.79 and a beta of 0.84. The firm has a fifty day moving average price of $71.70 and a 200-day moving average price of $69.79. JPMorgan Global Select Equity ETF has a 52-week low of $63.17 and a 52-week high of $74.89.

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.