JPMorgan Active Developing Markets Equity ETF (NYSEARCA:JADE) Shares Shorted: Short Interest Down 82.3% in October

JPMorgan Active Developing Markets Equity ETF (NYSEARCA:JADE) saw a large drop in short interest in the month of October. As of October 30th, there was short interest totaling 2,746 shares, a drop of 82.3% from the October 15th total of 15,500 shares. Based on an average trading volume of 3,384 shares, the short-interest ratio is currently 0.8 days. Approximately 0.7% of the company’s stock are sold short.

JPMorgan Active Developing Markets Equity ETF Trading Down 1.9%

JADE traded down $1.38 during midday trading on Thursday, reaching $71.41. The company’s stock had a trading volume of 2,852 shares, compared to its average volume of 3,159. JPMorgan Active Developing Markets Equity ETF has a 1 year low of $60.13 and a 1 year high of $82.75. The stock’s 50-day moving average is $77.04 and its 200-day moving average is $75.04. The firm has a market capitalization of $28.56 million, a price-to-earnings ratio of -140.02 and a beta of 0.94.

Hedge Funds Weigh In On JPMorgan Active Developing Markets Equity ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Assetmark Inc. bought a new position in shares of JPMorgan Active Developing Markets Equity ETF in the first quarter worth approximately $2,126,000. Eclectic Associates Inc. ADV purchased a new position in JPMorgan Active Developing Markets Equity ETF in the 3rd quarter worth approximately $1,723,000. Citadel Advisors LLC lifted its position in JPMorgan Active Developing Markets Equity ETF by 81.7% in the 2nd quarter. Citadel Advisors LLC now owns 17,195 shares of the company’s stock valued at $1,378,000 after acquiring an additional 7,734 shares in the last quarter. Cooper Financial Group lifted its position in JPMorgan Active Developing Markets Equity ETF by 3.3% in the 3rd quarter. Cooper Financial Group now owns 15,436 shares of the company’s stock valued at $1,218,000 after acquiring an additional 488 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in shares of JPMorgan Active Developing Markets Equity ETF by 7.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,916 shares of the company’s stock worth $388,000 after purchasing an additional 362 shares in the last quarter. 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.