JPMorgan Active Developing Markets Equity ETF (NYSEARCA:JADE – Get Free Report) saw a large decrease in short interest in July. As of July 15th, there was short interest totaling 6,937 shares, a decrease of 76.0% from the June 30th total of 28,856 shares. Based on an average trading volume of 2,799 shares, the short-interest ratio is presently 2.5 days. Approximately 1.7% of the shares of the stock are short sold.
Institutional Investors Weigh In On JPMorgan Active Developing Markets Equity ETF
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Assetmark Inc. purchased a new position in JPMorgan Active Developing Markets Equity ETF during the first quarter worth approximately $2,126,000. Cooper Financial Group grew its holdings in JPMorgan Active Developing Markets Equity ETF by 16.7% in the 2nd quarter. Cooper Financial Group now owns 14,948 shares of the company’s stock valued at $1,198,000 after buying an additional 2,141 shares in the last quarter. Finally, Eclectic Associates Inc. ADV purchased a new stake in JPMorgan Active Developing Markets Equity ETF in the 2nd quarter valued at $960,000. Institutional investors and hedge funds own 29.47% of the company’s stock.
JPMorgan Active Developing Markets Equity ETF Trading Up 0.4%
JADE stock opened at $75.56 on Tuesday. The company has a market cap of $30.22 million, a price-to-earnings ratio of -148.16 and a beta of 0.80. JPMorgan Active Developing Markets Equity ETF has a 12 month low of $53.92 and a 12 month high of $82.75. The firm has a 50-day moving average of $78.08 and a two-hundred day moving average of $72.96.
About JPMorgan Active Developing Markets Equity ETF
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.
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