Short Interest in JPMorgan International Growth ETF (NYSEARCA:JIG) Expands By 49.5%

JPMorgan International Growth ETF (NYSEARCA:JIG) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 30,752 shares, a growth of 49.5% from the July 15th total of 20,568 shares. Based on an average daily trading volume, of 27,309 shares, the short-interest ratio is presently 1.1 days. Approximately 0.5% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of JIG. Bank of America Corp DE increased its holdings in JPMorgan International Growth ETF by 36,029.8% during the 1st quarter. Bank of America Corp DE now owns 660,453 shares of the company’s stock worth $49,032,000 after acquiring an additional 658,625 shares during the period. EP Wealth Advisors LLC bought a new position in JPMorgan International Growth ETF in the 2nd quarter valued at $7,451,000. Fidelity D & D Bancorp Inc. purchased a new position in shares of JPMorgan International Growth ETF during the 4th quarter valued at $6,997,000. Jane Street Group LLC grew its position in shares of JPMorgan International Growth ETF by 668.8% during the 2nd quarter. Jane Street Group LLC now owns 40,393 shares of the company’s stock valued at $2,889,000 after purchasing an additional 35,139 shares in the last quarter. Finally, Cetera Investment Advisers increased its holdings in shares of JPMorgan International Growth ETF by 24.2% in the first quarter. Cetera Investment Advisers now owns 160,485 shares of the company’s stock worth $11,914,000 after purchasing an additional 31,225 shares during the period.

JPMorgan International Growth ETF Stock Performance

NYSEARCA:JIG traded down $2.31 during trading hours on Tuesday, reaching $84.27. The stock had a trading volume of 13,427 shares, compared to its average volume of 34,041. The stock has a market cap of $497.19 million, a P/E ratio of 24.51 and a beta of 0.98. The stock has a 50 day simple moving average of $84.06 and a 200 day simple moving average of $81.14. JPMorgan International Growth ETF has a 12-month low of $70.77 and a 12-month high of $89.04.

JPMorgan International Growth ETF Company Profile

The JPMorgan International Growth ETF (JIG) is an exchange-traded fund that is based on the MSCI EAFE Growth index. The fund is an actively-managed portfolio of global ex-US stocks fundamentally selected for growth and quality traits. JIG was launched on May 20, 2020 and is managed by JPMorgan Chase.