JPMorgan Global Select Equity ETF (NASDAQ:JGLO) Sees Significant Drop in Short Interest

JPMorgan Global Select Equity ETF (NASDAQ:JGLO) was the target of a large drop in short interest in January. As of January 15th, there was short interest totalling 40,300 shares, a drop of 8.6% from the December 31st total of 44,100 shares. Based on an average daily volume of 685,400 shares, the days-to-cover ratio is currently 0.1 days.

JPMorgan Global Select Equity ETF Stock Down 0.5 %

NASDAQ:JGLO traded down $0.31 on Monday, reaching $61.46. The company’s stock had a trading volume of 108,121 shares, compared to its average volume of 152,396. The firm has a market cap of $6.67 billion, a price-to-earnings ratio of 22.80 and a beta of 1.02. JPMorgan Global Select Equity ETF has a 12-month low of $54.03 and a 12-month high of $64.10. The stock has a 50 day moving average price of $61.81 and a 200 day moving average price of $61.61.

JPMorgan Global Select Equity ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, December 27th. Shareholders of record on Tuesday, December 24th were given a $0.3773 dividend. The ex-dividend date was Tuesday, December 24th.

Institutional Trading of JPMorgan Global Select Equity ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JGLO. JPMorgan Chase & Co. boosted its stake in shares of JPMorgan Global Select Equity ETF by 4.9% during the third quarter. JPMorgan Chase & Co. now owns 45,986,514 shares of the company’s stock worth $2,881,975,000 after buying an additional 2,148,215 shares during the period. Janney Montgomery Scott LLC grew its position in JPMorgan Global Select Equity ETF by 7.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 881,059 shares of the company’s stock worth $52,899,000 after buying an additional 62,220 shares during the period. Daymark Wealth Partners LLC increased its stake in JPMorgan Global Select Equity ETF by 8.0% in the 4th quarter. Daymark Wealth Partners LLC now owns 348,858 shares of the company’s stock valued at $20,945,000 after purchasing an additional 25,736 shares in the last quarter. MN Wealth Advisors LLC raised its stake in shares of JPMorgan Global Select Equity ETF by 3.2% during the 4th quarter. MN Wealth Advisors LLC now owns 147,925 shares of the company’s stock worth $8,881,000 after buying an additional 4,579 shares during the last quarter. Finally, Park Avenue Securities LLC raised its position in JPMorgan Global Select Equity ETF by 10.2% during the fourth quarter. Park Avenue Securities LLC now owns 114,352 shares of the company’s stock worth $6,866,000 after acquiring an additional 10,628 shares during the last quarter.

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.