JPMorgan Active Growth ETF (NYSEARCA:JGRO) Sees Large Decrease in Short Interest

JPMorgan Active Growth ETF (NYSEARCA:JGRO) was the recipient of a large decline in short interest in December. As of December 31st, there was short interest totaling 176,609 shares, a decline of 48.5% from the December 15th total of 342,805 shares. Based on an average daily volume of 334,146 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.2% of the company’s stock are short sold. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 334,146 shares, the days-to-cover ratio is presently 0.5 days.

JPMorgan Active Growth ETF Price Performance

JGRO stock traded up $0.13 on Thursday, reaching $92.61. 539,035 shares of the company traded hands, compared to its average volume of 576,803. The firm has a fifty day simple moving average of $93.21 and a 200-day simple moving average of $91.55. The company has a market cap of $8.50 billion, a P/E ratio of 35.50 and a beta of 1.09. JPMorgan Active Growth ETF has a one year low of $63.33 and a one year high of $97.91.

Hedge Funds Weigh In On JPMorgan Active Growth ETF

A number of hedge funds have recently bought and sold shares of the company. Riverstone Advisors LLC purchased a new position in JPMorgan Active Growth ETF during the second quarter valued at approximately $275,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in shares of JPMorgan Active Growth ETF in the third quarter worth $1,867,000. Ascent Group LLC increased its stake in shares of JPMorgan Active Growth ETF by 92.4% in the third quarter. Ascent Group LLC now owns 36,538 shares of the company’s stock worth $3,425,000 after purchasing an additional 17,550 shares in the last quarter. Daymark Wealth Partners LLC raised its position in shares of JPMorgan Active Growth ETF by 4.5% during the 3rd quarter. Daymark Wealth Partners LLC now owns 373,145 shares of the company’s stock valued at $34,982,000 after purchasing an additional 16,156 shares during the period. Finally, Beaumont Financial Advisors LLC lifted its stake in shares of JPMorgan Active Growth ETF by 3.1% during the 3rd quarter. Beaumont Financial Advisors LLC now owns 355,080 shares of the company’s stock valued at $33,289,000 after buying an additional 10,593 shares in the last quarter.

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.