JPMorgan International Growth ETF (NYSEARCA:JIG) Sees Significant Growth in Short Interest

JPMorgan International Growth ETF (NYSEARCA:JIG) was the target of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 55,625 shares, a growth of 80.9% from the July 30th total of 30,752 shares. Approximately 0.9% of the company’s stock are short sold. Based on an average daily volume of 35,677 shares, the days-to-cover ratio is currently 1.6 days.

JPMorgan International Growth ETF Trading Down 1.0%

JIG opened at $84.25 on Tuesday. The company has a fifty day moving average price of $83.99 and a two-hundred day moving average price of $81.64. JPMorgan International Growth ETF has a 1-year low of $70.77 and a 1-year high of $89.04. The company has a market cap of $497.07 million, a P/E ratio of 24.51 and a beta of 0.98.

Institutional Trading of JPMorgan International Growth ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JIG. Bank of America Corp DE raised its stake in JPMorgan International Growth ETF by 19,550.0% during the 3rd quarter. Bank of America Corp DE now owns 786 shares of the company’s stock worth $59,000 after buying an additional 782 shares during the period. Western Wealth Management LLC acquired a new position in shares of JPMorgan International Growth ETF during the first quarter worth approximately $64,000. Farther Finance Advisors LLC raised its position in shares of JPMorgan International Growth ETF by 86.6% during the fourth quarter. Farther Finance Advisors LLC now owns 1,370 shares of the company’s stock worth $100,000 after purchasing an additional 636 shares during the period. GeoWealth Management LLC bought a new position in shares of JPMorgan International Growth ETF in the 3rd quarter worth $145,000. Finally, 3Chopt Investment Partners LLC lifted its holdings in shares of JPMorgan International Growth ETF by 7.5% in the 4th quarter. 3Chopt Investment Partners LLC now owns 2,259 shares of the company’s stock worth $166,000 after purchasing an additional 157 shares in the last quarter.

About JPMorgan International Growth ETF

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.