JPMorgan Global Select Equity ETF (NASDAQ:JGLO) Sees Large Decrease in Short Interest

JPMorgan Global Select Equity ETF (NASDAQ:JGLO) was the target of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 5,387 shares, a decline of 91.0% from the May 14th total of 59,901 shares. Based on an average daily volume of 486,458 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

JPMorgan Global Select Equity ETF Trading Up 1.9%

Shares of JPMorgan Global Select Equity ETF stock traded up $1.30 on Thursday, hitting $70.12. The stock had a trading volume of 161,719 shares, compared to its average volume of 219,043. JPMorgan Global Select Equity ETF has a 52-week low of $61.83 and a 52-week high of $71.82. The stock has a market cap of $7.10 billion, a price-to-earnings ratio of 23.79 and a beta of 0.85. The company’s 50 day moving average price is $69.74 and its 200 day moving average price is $68.58.

Institutional Trading of JPMorgan Global Select Equity ETF

Several institutional investors and hedge funds have recently made changes to their positions in JGLO. Comerica Bank lifted its holdings in shares of JPMorgan Global Select Equity ETF by 279.3% in the 1st quarter. Comerica Bank now owns 1,358 shares of the company’s stock valued at $80,000 after purchasing an additional 1,000 shares during the last quarter. Marshall Wace LLP purchased a new stake in shares of JPMorgan Global Select Equity ETF in the 2nd quarter valued at about $501,000. Qube Research & Technologies Ltd purchased a new stake in shares of JPMorgan Global Select Equity ETF in the 2nd quarter valued at about $425,000. Jane Street Group LLC lifted its holdings in shares of JPMorgan Global Select Equity ETF by 335.1% in the 2nd quarter. Jane Street Group LLC now owns 602,721 shares of the company’s stock valued at $38,779,000 after purchasing an additional 464,196 shares during the last quarter. Finally, Bank of America Corp DE purchased a new stake in shares of JPMorgan Global Select Equity ETF in the 2nd quarter valued at about $5,328,000.

About JPMorgan Global Select Equity ETF

The JPMorgan Global Select Equity ETF Global Select Equity ETF (JGLO) is an exchange-traded fund that mostly invests in total market equity. The fund seeks long-term capital appreciation through an active management that invests in stocks of any capitalization located in both developed and emerging markets. The selection process integrates ESG factors. JGLO was launched on Sep 13, 2023 and is issued by JPMorgan Chase.