Jensen Quality Growth ETF (NYSEARCA:JGRW) Sees Significant Decline in Short Interest

Jensen Quality Growth ETF (NYSEARCA:JGRW) was the recipient of a significant drop in short interest during the month of January. As of January 15th, there was short interest totaling 9,968 shares, a drop of 40.7% from the December 31st total of 16,812 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 11,302 shares, the short-interest ratio is presently 0.9 days. Based on an average daily trading volume, of 11,302 shares, the short-interest ratio is presently 0.9 days. Currently, 0.2% of the shares of the stock are short sold.

Hedge Funds Weigh In On Jensen Quality Growth ETF

A hedge fund recently raised its stake in Jensen Quality Growth ETF stock. SOL Capital Management CO raised its holdings in shares of Jensen Quality Growth ETF (NYSEARCA:JGRW) by 64.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 384,506 shares of the company’s stock after purchasing an additional 150,616 shares during the quarter. Jensen Quality Growth ETF accounts for about 0.9% of SOL Capital Management CO’s portfolio, making the stock its 28th largest position. SOL Capital Management CO owned about 8.27% of Jensen Quality Growth ETF worth $10,407,000 as of its most recent SEC filing.

Jensen Quality Growth ETF Trading Down 0.9%

Shares of NYSEARCA:JGRW traded down $0.23 during midday trading on Friday, reaching $26.77. 8,215 shares of the company were exchanged, compared to its average volume of 13,151. The stock has a market cap of $124.48 million, a PE ratio of 31.47 and a beta of 0.74. The business’s fifty day moving average is $27.07 and its two-hundred day moving average is $26.96. Jensen Quality Growth ETF has a one year low of $22.86 and a one year high of $27.60.

Jensen Quality Growth ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Friday, November 14th were given a $0.0338 dividend. This is an increase from Jensen Quality Growth ETF’s previous quarterly dividend of $0.02. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Friday, November 14th.

Jensen Quality Growth ETF Company Profile

The Jensen Quality Growth ETF (JGRW) is an exchange-traded fund that mostly invests in total market equity. The fund seeks long-term capital growth through an actively managed portfolio of US stocks exhibiting growth and quality characteristics. JGRW was launched on Aug 13, 2024 and is issued by Jensen.