Short Interest in JPMorgan Active Growth ETF (NYSEARCA:JGRO) Decreases By 34.2%

JPMorgan Active Growth ETF (NYSEARCA:JGRO) was the recipient of a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 89,953 shares, a drop of 34.2% from the July 30th total of 136,626 shares. Based on an average trading volume of 632,203 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the shares of the stock are sold short.

JPMorgan Active Growth ETF Price Performance

JGRO stock traded down $1.09 during midday trading on Tuesday, reaching $93.08. The company had a trading volume of 554,869 shares, compared to its average volume of 593,081. The company has a market capitalization of $9.72 billion, a price-to-earnings ratio of 35.50 and a beta of 1.10. The stock has a 50 day moving average price of $94.60 and a 200-day moving average price of $92.67. JPMorgan Active Growth ETF has a 1-year low of $81.16 and a 1-year high of $99.73.

Institutional Investors Weigh In On JPMorgan Active Growth ETF

A number of large investors have recently modified their holdings of the business. JPMorgan Chase & Co. grew its holdings in shares of JPMorgan Active Growth ETF by 23.6% during the fourth quarter. JPMorgan Chase & Co. now owns 12,942,682 shares of the company’s stock worth $1,201,081,000 after purchasing an additional 2,472,865 shares during the last quarter. LPL Financial LLC lifted its position in shares of JPMorgan Active Growth ETF by 14.7% in the 4th quarter. LPL Financial LLC now owns 6,922,629 shares of the company’s stock worth $642,420,000 after purchasing an additional 884,710 shares during the period. Captrust Financial Advisors increased its position in shares of JPMorgan Active Growth ETF by 5.0% during the fourth quarter. Captrust Financial Advisors now owns 3,917,245 shares of the company’s stock worth $363,520,000 after buying an additional 186,762 shares during the period. Raymond James Financial Inc. increased its position in shares of JPMorgan Active Growth ETF by 20.2% during the fourth quarter. Raymond James Financial Inc. now owns 2,306,569 shares of the company’s stock worth $214,050,000 after buying an additional 387,862 shares during the period. Finally, Bank of America Corp DE raised its stake in JPMorgan Active Growth ETF by 14.0% during the first quarter. Bank of America Corp DE now owns 2,231,576 shares of the company’s stock worth $188,613,000 after buying an additional 274,085 shares during the last quarter.

JPMorgan Active Growth ETF Company Profile

The Jpmorgan Active Growth ETF (JGRO) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed to invest in US large-cap companies perceived to have strong earnings growth potential. JGRO was launched on Aug 8, 2022 and is managed by JPMorgan Chase.