JPMorgan Active Growth ETF (NYSEARCA:JGRO) Sees Significant Growth in Short Interest

JPMorgan Active Growth ETF (NYSEARCA:JGRO) was the target of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 215,787 shares, an increase of 139.9% from the August 15th total of 89,953 shares. Based on an average trading volume of 464,265 shares, the short-interest ratio is presently 0.5 days. Currently, 0.2% of the shares of the company are sold short.

JPMorgan Active Growth ETF Trading Down 0.6%

Shares of JGRO stock traded down $0.60 during trading hours on Monday, hitting $93.32. The company’s stock had a trading volume of 277,003 shares, compared to its average volume of 586,498. The stock has a market cap of $9.75 billion, a PE ratio of 35.50 and a beta of 1.10. JPMorgan Active Growth ETF has a 12-month low of $81.16 and a 12-month high of $99.73. The company has a 50 day moving average of $94.30 and a 200 day moving average of $93.01.

Hedge Funds Weigh In On JPMorgan Active Growth ETF

Institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. grew its holdings in JPMorgan Active Growth ETF by 23.6% during the fourth quarter. JPMorgan Chase & Co. now owns 12,942,682 shares of the company’s stock worth $1,201,081,000 after acquiring an additional 2,472,865 shares during the period. LPL Financial LLC grew its stake in shares of JPMorgan Active Growth ETF by 14.7% during the 4th quarter. LPL Financial LLC now owns 6,922,629 shares of the company’s stock worth $642,420,000 after purchasing an additional 884,710 shares during the period. Captrust Financial Advisors increased its holdings in shares of JPMorgan Active Growth ETF by 5.0% during the 4th quarter. Captrust Financial Advisors now owns 3,917,245 shares of the company’s stock valued at $363,520,000 after purchasing an additional 186,762 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of JPMorgan Active Growth ETF by 14.0% during the 1st quarter. Bank of America Corp DE now owns 2,231,576 shares of the company’s stock valued at $188,613,000 after purchasing an additional 274,085 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in shares of JPMorgan Active Growth ETF by 6.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 1,590,617 shares of the company’s stock valued at $147,609,000 after purchasing an additional 90,051 shares during the period.

About JPMorgan Active Growth ETF

The Jpmorgan Active Growth ETF (JGRO) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed to invest in US large-cap companies perceived to have strong earnings growth potential. JGRO was launched on Aug 8, 2022 and is managed by JPMorgan Chase.