JPMorgan Active Developing Markets Equity ETF (NYSEARCA:JADE) Short Interest Down 76.0% in July

JPMorgan Active Developing Markets Equity ETF (NYSEARCA:JADE) was the target of a significant decrease in short interest in July. As of July 15th, there was short interest totaling 6,937 shares, a decrease of 76.0% from the June 30th total of 28,856 shares. Based on an average daily trading volume, of 2,799 shares, the days-to-cover ratio is presently 2.5 days. Currently, 1.7% of the company’s stock are sold short.

Institutional Investors Weigh In On JPMorgan Active Developing Markets Equity ETF

Hedge funds have recently made changes to their positions in the business. Assetmark Inc. bought a new position in JPMorgan Active Developing Markets Equity ETF during the first quarter valued at about $2,126,000. Cooper Financial Group raised its position in JPMorgan Active Developing Markets Equity ETF by 16.7% in the second quarter. Cooper Financial Group now owns 14,948 shares of the company’s stock worth $1,198,000 after acquiring an additional 2,141 shares during the period. Finally, Eclectic Associates Inc. ADV purchased a new position in JPMorgan Active Developing Markets Equity ETF in the second quarter valued at about $960,000. 29.47% of the stock is currently owned by institutional investors.

JPMorgan Active Developing Markets Equity ETF Trading Up 0.4%

Shares of JADE stock traded up $0.33 during trading on Monday, hitting $75.56. The company’s stock had a trading volume of 953 shares, compared to its average volume of 3,463. The company has a market cap of $30.22 million, a PE ratio of -148.16 and a beta of 0.80. The business has a fifty day moving average of $78.08 and a 200-day moving average of $72.96. JPMorgan Active Developing Markets Equity ETF has a 52 week low of $53.92 and a 52 week high of $82.75.

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.