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

JPMorgan Active Growth ETF (NYSEARCA:JGRO) was the target of a significant drop in short interest in January. As of January 30th, there was short interest totaling 94,853 shares, a drop of 57.2% from the January 15th total of 221,803 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 679,018 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 679,018 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.

JPMorgan Active Growth ETF Price Performance

JGRO stock traded down $0.32 during midday trading on Friday, reaching $87.89. The company had a trading volume of 521,086 shares, compared to its average volume of 626,350. JPMorgan Active Growth ETF has a 1 year low of $63.33 and a 1 year high of $97.91. The company has a market capitalization of $8.21 billion, a P/E ratio of 35.50 and a beta of 1.09. The firm has a 50-day moving average price of $92.23 and a 200-day moving average price of $92.17.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. MAI Capital Management bought a new stake in JPMorgan Active Growth ETF during the 3rd quarter valued at $25,000. Pflug Koory LLC purchased a new position in shares of JPMorgan Active Growth ETF in the fourth quarter valued at about $25,000. GAMMA Investing LLC purchased a new position in shares of JPMorgan Active Growth ETF in the third quarter valued at about $28,000. Hilton Head Capital Partners LLC bought a new position in shares of JPMorgan Active Growth ETF during the fourth quarter valued at about $28,000. Finally, O Shaughnessy Asset Management LLC boosted its holdings in shares of JPMorgan Active Growth ETF by 59.5% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 303 shares of the company’s stock worth $28,000 after purchasing an additional 113 shares during the period.

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.