JPMorgan Active Developing Markets Equity ETF (NYSEARCA:JADE) Sees Large Increase in Short Interest

JPMorgan Active Developing Markets Equity ETF (NYSEARCA:JADE) saw a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 21,137 shares, a growth of 264.8% from the May 31st total of 5,794 shares. Based on an average daily trading volume, of 4,001 shares, the days-to-cover ratio is presently 5.3 days. Currently, 5.3% of the shares of the stock are short sold.

JPMorgan Active Developing Markets Equity ETF Price Performance

Shares of JADE stock traded down $0.15 during midday trading on Monday, reaching $78.24. 5,566 shares of the company traded hands, compared to its average volume of 3,617. The firm’s 50 day simple moving average is $77.14 and its two-hundred day simple moving average is $70.79. JPMorgan Active Developing Markets Equity ETF has a 1-year low of $53.92 and a 1-year high of $82.75. The firm has a market cap of $31.30 million, a PE ratio of -153.41 and a beta of 0.80.

Hedge Funds Weigh In On JPMorgan Active Developing Markets Equity ETF

An institutional investor recently bought a new stake in JPMorgan Active Developing Markets Equity ETF stock. Assetmark Inc. bought a new stake in JPMorgan Active Developing Markets Equity ETF (NYSEARCA:JADE) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 32,081 shares of the company’s stock, valued at approximately $2,126,000. Assetmark Inc. owned about 8.02% of JPMorgan Active Developing Markets Equity ETF as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 29.47% of the company’s stock.

JPMorgan Active Developing Markets Equity ETF Company Profile

The JPMorgan Active Developing Markets Equity ETF (JADE) is an exchange-traded fund that mostly invests in total market equity. The fund is a pure actively managed ETF, investing in equities and equity-related securities tied to emerging markets. The fund is focused on both growth and value stocks, aiming for long-term growth of capital JADE was launched on May 16, 2024 and is issued by JPMorgan Chase.