Short Interest in JPMorgan International Growth ETF (NYSEARCA:JIG) Expands By 67.5%

JPMorgan International Growth ETF (NYSEARCA:JIG) was the recipient of a large increase in short interest during the month of March. As of March 31st, there was short interest totaling 40,537 shares, an increase of 67.5% from the March 15th total of 24,194 shares. Currently, 0.8% of the shares of the company are short sold. Based on an average daily trading volume, of 28,661 shares, the short-interest ratio is currently 1.4 days.

Institutional Investors Weigh In On JPMorgan International Growth ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Envestnet Asset Management Inc. lifted its stake in shares of JPMorgan International Growth ETF by 2,998.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 267,833 shares of the company’s stock worth $20,179,000 after purchasing an additional 259,190 shares during the period. Vestmark Advisory Solutions Inc. purchased a new stake in JPMorgan International Growth ETF during the third quarter valued at approximately $13,405,000. Assetmark Inc. purchased a new stake in JPMorgan International Growth ETF during the third quarter valued at approximately $7,865,000. EP Wealth Advisors LLC bought a new position in JPMorgan International Growth ETF in the second quarter worth approximately $7,451,000. Finally, Fidelity D & D Bancorp Inc. bought a new position in JPMorgan International Growth ETF in the fourth quarter worth approximately $6,997,000.

JPMorgan International Growth ETF Price Performance

JPMorgan International Growth ETF stock traded down $0.47 during mid-day trading on Wednesday, reaching $81.42. 9,147 shares of the stock traded hands, compared to its average volume of 36,661. The stock has a market capitalization of $423.38 million, a PE ratio of 24.51 and a beta of 0.98. JPMorgan International Growth ETF has a 12-month low of $61.51 and a 12-month high of $82.13. The business’s 50-day moving average is $77.55 and its 200-day moving average is $76.15.

JPMorgan International Growth ETF Company Profile

The JPMorgan International Growth ETF (JIG) is an exchange-traded fund that is based on the MSCI EAFE Growth index. The fund is an actively-managed portfolio of global ex-US stocks fundamentally selected for growth and quality traits. JIG was launched on May 20, 2020 and is managed by JPMorgan Chase.