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

JPMorgan Global Select Equity ETF (NASDAQ:JGLO) was the recipient of a large decline in short interest in February. As of February 15th, there was short interest totalling 13,400 shares, a decline of 23.4% from the January 31st total of 17,500 shares. Based on an average daily volume of 165,500 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Farther Finance Advisors LLC lifted its stake in JPMorgan Global Select Equity ETF by 56.1% in the third quarter. Farther Finance Advisors LLC now owns 10,429 shares of the company’s stock valued at $654,000 after buying an additional 3,746 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in JPMorgan Global Select Equity ETF by 11.9% during the 3rd quarter. Janney Montgomery Scott LLC now owns 818,839 shares of the company’s stock worth $51,317,000 after purchasing an additional 87,330 shares during the period. Nwam LLC acquired a new position in JPMorgan Global Select Equity ETF in the third quarter valued at $479,000. CreativeOne Wealth LLC raised its holdings in shares of JPMorgan Global Select Equity ETF by 25.3% in the third quarter. CreativeOne Wealth LLC now owns 48,307 shares of the company’s stock valued at $3,027,000 after buying an additional 9,768 shares during the last quarter. Finally, MML Investors Services LLC grew its holdings in shares of JPMorgan Global Select Equity ETF by 10.4% during the third quarter. MML Investors Services LLC now owns 81,624 shares of the company’s stock worth $5,115,000 after buying an additional 7,701 shares during the last quarter.

JPMorgan Global Select Equity ETF Stock Performance

JGLO stock traded down $0.71 during mid-day trading on Thursday, reaching $60.73. The company had a trading volume of 5,101 shares, compared to its average volume of 170,067. The firm has a fifty day simple moving average of $61.42 and a 200 day simple moving average of $61.98. The company has a market capitalization of $6.60 billion, a price-to-earnings ratio of 26.27 and a beta of 1.02. JPMorgan Global Select Equity ETF has a fifty-two week low of $55.04 and a fifty-two week high of $64.10.

JPMorgan Global Select Equity ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, December 27th. Shareholders of record on Tuesday, December 24th were given a $0.3773 dividend. The ex-dividend date was Tuesday, December 24th.

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.