JPMorgan Global Select Equity ETF (NASDAQ:JGLO) Short Interest Up 1,644.8% in August

JPMorgan Global Select Equity ETF (NASDAQ:JGLO) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totaling 82,548 shares, an increase of 1,644.8% from the August 15th total of 4,731 shares. Based on an average trading volume of 185,069 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Capital Analysts LLC raised its holdings in shares of JPMorgan Global Select Equity ETF by 99.3% in the second quarter. Capital Analysts LLC now owns 811 shares of the company’s stock worth $58,000 after buying an additional 404 shares during the last quarter. Ameritas Advisory Services LLC grew its holdings in shares of JPMorgan Global Select Equity ETF by 254.7% during the second quarter. Ameritas Advisory Services LLC now owns 232,001 shares of the company’s stock valued at $16,523,000 after buying an additional 166,591 shares during the last quarter. Unique Wealth LLC grew its holdings in shares of JPMorgan Global Select Equity ETF by 7.4% during the second quarter. Unique Wealth LLC now owns 17,272 shares of the company’s stock valued at $1,230,000 after buying an additional 1,195 shares during the last quarter. XP Advisory US Inc. acquired a new position in shares of JPMorgan Global Select Equity ETF in the 2nd quarter valued at $389,000. Finally, Hopwood Nicholas Hunter acquired a new position in shares of JPMorgan Global Select Equity ETF in the 2nd quarter valued at $2,073,000.

JPMorgan Global Select Equity ETF Stock Up 1.1%

Shares of JPMorgan Global Select Equity ETF stock opened at $72.93 on Friday. The firm has a market capitalization of $6.73 billion, a P/E ratio of 23.79 and a beta of 0.84. The company has a 50 day moving average price of $72.74 and a 200 day moving average price of $70.32. JPMorgan Global Select Equity ETF has a 52 week low of $63.17 and a 52 week high of $74.89.

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.