JPMorgan International Growth ETF (NYSEARCA:JIG) Stock Short Interest Drops 40.4%

JPMorgan International Growth ETF (NYSEARCA:JIG) saw a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 33,842 shares, a decrease of 40.4% from the August 31st total of 56,738 shares. Based on an average daily volume of 23,984 shares, the days-to-cover ratio is currently 1.4 days. Approximately 0.5% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Bank of America Corp DE lifted its holdings in shares of JPMorgan International Growth ETF by 36,029.8% in the first quarter. Bank of America Corp DE now owns 660,453 shares of the company’s stock valued at $49,032,000 after purchasing an additional 658,625 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of JPMorgan International Growth ETF by 24.2% during the first quarter. Cetera Investment Advisers now owns 160,485 shares of the company’s stock valued at $11,914,000 after buying an additional 31,225 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in JPMorgan International Growth ETF by 6.2% during the first quarter. Janney Montgomery Scott LLC now owns 278,618 shares of the company’s stock worth $20,685,000 after buying an additional 16,226 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in JPMorgan International Growth ETF by 5.4% during the second quarter. Envestnet Asset Management Inc. now owns 313,705 shares of the company’s stock worth $27,347,000 after buying an additional 16,025 shares in the last quarter. Finally, Hopwood Nicholas Hunter purchased a new stake in JPMorgan International Growth ETF in the 2nd quarter valued at $1,111,000.

JPMorgan International Growth ETF Stock Down 0.3%

Shares of JIG opened at $84.42 on Wednesday. JPMorgan International Growth ETF has a 12-month low of $70.96 and a 12-month high of $89.04. The business’s fifty day moving average is $84.04 and its 200 day moving average is $82.37. The stock has a market cap of $525.09 million, a P/E ratio of 24.51 and a beta of 0.98.

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.