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

JPMorgan Global Select Equity ETF (NASDAQ:JGLO) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 29,000 shares, a growth of 114.8% from the August 15th total of 13,500 shares. Based on an average daily trading volume, of 155,700 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On JPMorgan Global Select Equity ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV purchased a new position in shares of JPMorgan Global Select Equity ETF during the first quarter valued at approximately $1,680,000. Security Financial Services INC. purchased a new stake in shares of JPMorgan Global Select Equity ETF in the first quarter worth $392,000. Lockerman Financial Group Inc. bought a new position in shares of JPMorgan Global Select Equity ETF during the first quarter valued at $623,000. Global Retirement Partners LLC purchased a new position in shares of JPMorgan Global Select Equity ETF in the 1st quarter worth about $120,000. Finally, Cambridge Investment Research Advisors Inc. bought a new position in JPMorgan Global Select Equity ETF in the 1st quarter worth about $11,913,000.

JPMorgan Global Select Equity ETF Trading Up 0.2 %

JPMorgan Global Select Equity ETF stock traded up $0.12 during trading hours on Friday, hitting $61.34. 41,611 shares of the stock traded hands, compared to its average volume of 283,666. JPMorgan Global Select Equity ETF has a one year low of $45.26 and a one year high of $62.23. The company has a market cap of $3.48 billion, a PE ratio of 22.80 and a beta of 1.02. The firm’s 50-day moving average price is $60.43 and its two-hundred day moving average price is $58.90.

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.