JPMorgan Active Growth ETF (NYSEARCA:JGRO) Short Interest Down 52.6% in April

JPMorgan Active Growth ETF (NYSEARCA:JGRO) was the recipient of a significant drop in short interest in April. As of April 30th, there was short interest totaling 198,919 shares, a drop of 52.6% from the April 15th total of 419,766 shares. Based on an average daily volume of 550,152 shares, the short-interest ratio is currently 0.4 days. Approximately 0.2% of the company’s stock are short sold.

JPMorgan Active Growth ETF Stock Down 1.7%

Shares of NYSEARCA JGRO traded down $1.68 during midday trading on Friday, reaching $97.14. 1,247,155 shares of the company’s stock traded hands, compared to its average volume of 583,104. JPMorgan Active Growth ETF has a one year low of $78.69 and a one year high of $98.94. The stock’s 50 day simple moving average is $89.74 and its 200-day simple moving average is $91.35. The company has a market cap of $9.74 billion, a price-to-earnings ratio of 35.50 and a beta of 1.09.

Institutional Investors Weigh In On JPMorgan Active Growth ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of JGRO. JPMorgan Chase & Co. lifted its position in JPMorgan Active Growth ETF by 23.6% during the fourth quarter. JPMorgan Chase & Co. now owns 12,942,682 shares of the company’s stock valued at $1,201,081,000 after acquiring an additional 2,472,865 shares during the last quarter. LPL Financial LLC lifted its position in JPMorgan Active Growth ETF by 14.7% during the fourth quarter. LPL Financial LLC now owns 6,922,629 shares of the company’s stock valued at $642,420,000 after acquiring an additional 884,710 shares during the last quarter. Cetera Investment Advisers lifted its position in JPMorgan Active Growth ETF by 123.2% during the first quarter. Cetera Investment Advisers now owns 1,196,206 shares of the company’s stock valued at $101,103,000 after acquiring an additional 660,186 shares during the last quarter. Citadel Advisors LLC lifted its position in JPMorgan Active Growth ETF by 2,198.7% during the third quarter. Citadel Advisors LLC now owns 614,156 shares of the company’s stock valued at $57,577,000 after acquiring an additional 587,439 shares during the last quarter. Finally, Berman McAleer LLC purchased a new stake in JPMorgan Active Growth ETF during the third quarter valued at approximately $41,172,000.

JPMorgan Active Growth ETF Company Profile

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.