Short Interest in JPMorgan Active Developing Markets Equity ETF (NYSEARCA:JADE) Rises By 88.3%

JPMorgan Active Developing Markets Equity ETF (NYSEARCA:JADE) was the target of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 5,794 shares, a growth of 88.3% from the May 14th total of 3,077 shares. Approximately 1.4% of the company’s shares are short sold. Based on an average daily volume of 3,023 shares, the short-interest ratio is currently 1.9 days.

JPMorgan Active Developing Markets Equity ETF Trading Down 1.3%

Shares of JADE stock traded down $1.05 on Tuesday, reaching $79.53. 738 shares of the company’s stock were exchanged, compared to its average volume of 3,608. JPMorgan Active Developing Markets Equity ETF has a 52 week low of $52.50 and a 52 week high of $81.67. The stock has a market capitalization of $31.81 million, a PE ratio of -155.94 and a beta of 0.80. The company’s fifty day simple moving average is $75.65 and its 200 day simple moving average is $69.83.

Institutional Investors Weigh In On JPMorgan Active Developing Markets Equity ETF

A hedge fund recently bought a new stake in JPMorgan Active Developing Markets Equity ETF stock. Assetmark Inc. purchased a new position in shares of JPMorgan Active Developing Markets Equity ETF (NYSEARCA:JADE) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 32,081 shares of the company’s stock, valued at approximately $2,126,000. Assetmark Inc. owned about 8.02% of JPMorgan Active Developing Markets Equity ETF as of its most recent filing with the Securities and Exchange Commission. 29.47% of the stock is currently owned by institutional investors.

About JPMorgan Active Developing Markets Equity ETF

The JPMorgan Active Developing Markets Equity ETF (JADE) is an exchange-traded fund that mostly invests in total market equity. The fund is a pure actively managed ETF, investing in equities and equity-related securities tied to emerging markets. The fund is focused on both growth and value stocks, aiming for long-term growth of capital JADE was launched on May 16, 2024 and is issued by JPMorgan Chase.