JPMorgan Global Select Equity ETF (NASDAQ:JGLO) Sees Large Increase in Short Interest

JPMorgan Global Select Equity ETF (NASDAQ:JGLO) saw a significant growth in short interest in October. As of October 30th, there was short interest totaling 28,052 shares, a growth of 261.4% from the October 15th total of 7,762 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 178,428 shares, the short-interest ratio is presently 0.2 days.

JPMorgan Global Select Equity ETF Stock Down 0.4%

Shares of NASDAQ JGLO traded down $0.27 during mid-day trading on Thursday, reaching $71.34. 11,063 shares of the company were exchanged, compared to its average volume of 205,080. The stock has a market cap of $6.24 billion, a price-to-earnings ratio of 23.79 and a beta of 0.85. The firm has a 50-day moving average of $72.27 and a 200 day moving average of $70.62. JPMorgan Global Select Equity ETF has a 1 year low of $63.17 and a 1 year high of $74.89.

Institutional Investors Weigh In On JPMorgan Global Select Equity ETF

Several institutional investors have recently added to or reduced their stakes in JGLO. Benjamin Edwards Inc. purchased a new stake in JPMorgan Global Select Equity ETF during the 3rd quarter worth approximately $233,000. Private Advisor Group LLC purchased a new stake in JPMorgan Global Select Equity ETF in the 3rd quarter worth approximately $251,000. Commonwealth Equity Services LLC acquired a new stake in JPMorgan Global Select Equity ETF during the third quarter valued at $1,487,000. Root Financial Partners LLC purchased a new position in shares of JPMorgan Global Select Equity ETF in the 3rd quarter valued at about $48,000. Finally, Arlington Financial Advisors LLC raised its stake in shares of JPMorgan Global Select Equity ETF by 1.3% during the 3rd quarter. Arlington Financial Advisors LLC now owns 345,370 shares of the company’s stock worth $25,039,000 after buying an additional 4,399 shares during the period.

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.