Short Interest in JPMorgan Active Growth ETF (NYSEARCA:JGRO) Increases By 139.9%

JPMorgan Active Growth ETF (NYSEARCA:JGRO) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 215,787 shares, a growth of 139.9% from the August 15th total of 89,953 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average trading volume of 464,265 shares, the short-interest ratio is currently 0.5 days.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Hilton Head Capital Partners LLC purchased a new position in JPMorgan Active Growth ETF in the 4th quarter valued at $28,000. O Shaughnessy Asset Management LLC raised its position in JPMorgan Active Growth ETF by 59.5% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 303 shares of the company’s stock worth $28,000 after buying an additional 113 shares during the last quarter. Quadrant Capital Group LLC purchased a new position in JPMorgan Active Growth ETF during the 4th quarter worth $38,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of JPMorgan Active Growth ETF in the 3rd quarter worth $40,000. Finally, Community Bank N.A. acquired a new stake in shares of JPMorgan Active Growth ETF in the 2nd quarter worth $59,000.

JPMorgan Active Growth ETF Stock Up 0.7%

JGRO traded up $0.65 on Friday, hitting $93.92. 594,334 shares of the company traded hands, compared to its average volume of 588,277. The company has a 50 day moving average of $94.30 and a 200-day moving average of $92.98. The stock has a market capitalization of $9.81 billion, a PE ratio of 35.50 and a beta of 1.10. JPMorgan Active Growth ETF has a 12-month low of $81.16 and a 12-month high of $99.73.

About JPMorgan Active Growth ETF

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.