JPMorgan Global Select Equity ETF (NASDAQ:JGLO) Short Interest Up 557.3% in June

JPMorgan Global Select Equity ETF (NASDAQ:JGLO) was the target of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 35,408 shares, an increase of 557.3% from the May 31st total of 5,387 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 89,773 shares, the days-to-cover ratio is currently 0.4 days.

JPMorgan Global Select Equity ETF Price Performance

Shares of NASDAQ JGLO traded up $0.43 during mid-day trading on Friday, reaching $70.16. The company’s stock had a trading volume of 118,633 shares, compared to its average volume of 206,194. JPMorgan Global Select Equity ETF has a 52 week low of $63.17 and a 52 week high of $71.82. The stock has a fifty day moving average of $70.50 and a two-hundred day moving average of $68.79. The firm has a market capitalization of $7.11 billion, a PE ratio of 23.79 and a beta of 0.85.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Harbor Investment Advisory LLC bought a new stake in shares of JPMorgan Global Select Equity ETF during the first quarter valued at approximately $26,000. Quadrant Capital Group LLC bought a new stake in JPMorgan Global Select Equity ETF in the 4th quarter valued at $35,000. Wilmington Savings Fund Society FSB purchased a new stake in JPMorgan Global Select Equity ETF in the 3rd quarter worth $36,000. Root Financial Partners LLC bought a new position in shares of JPMorgan Global Select Equity ETF during the 1st quarter valued at about $60,000. Finally, National Bank of Canada FI bought a new stake in shares of JPMorgan Global Select Equity ETF in the third quarter worth about $74,000.

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.