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

JPMorgan Global Select Equity ETF (NASDAQ:JGLO) was the target of a large decrease in short interest in January. As of January 15th, there was short interest totalling 40,300 shares, a decrease of 8.6% from the December 31st total of 44,100 shares. Based on an average daily volume of 685,400 shares, the days-to-cover ratio is currently 0.1 days.

JPMorgan Global Select Equity ETF Stock Performance

Shares of JPMorgan Global Select Equity ETF stock traded down $0.35 during trading on Friday, hitting $61.77. The company’s stock had a trading volume of 1,266,960 shares, compared to its average volume of 154,613. The company has a fifty day simple moving average of $61.81 and a two-hundred day simple moving average of $61.60. The company has a market capitalization of $6.71 billion, a PE ratio of 22.80 and a beta of 1.02. JPMorgan Global Select Equity ETF has a 52 week low of $53.24 and a 52 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 paid a dividend of $0.3773 per share. The ex-dividend date was Tuesday, December 24th.

Institutional Trading of JPMorgan Global Select Equity ETF

Institutional investors have recently made changes to their positions in the stock. 5T Wealth LLC purchased a new position in shares of JPMorgan Global Select Equity ETF in the fourth quarter worth approximately $1,555,000. MN Wealth Advisors LLC boosted its holdings in shares of JPMorgan Global Select Equity ETF by 3.2% in the fourth quarter. MN Wealth Advisors LLC now owns 147,925 shares of the company’s stock worth $8,881,000 after buying an additional 4,579 shares during the last quarter. Principal Securities Inc. purchased a new position in shares of JPMorgan Global Select Equity ETF in the fourth quarter worth approximately $49,000. TFB Advisors LLC boosted its holdings in shares of JPMorgan Global Select Equity ETF by 4.9% in the fourth quarter. TFB Advisors LLC now owns 19,485 shares of the company’s stock worth $1,170,000 after buying an additional 904 shares during the last quarter. Finally, Richardson Financial Services Inc. boosted its holdings in shares of JPMorgan Global Select Equity ETF by 2.9% in the fourth quarter. Richardson Financial Services Inc. now owns 6,545 shares of the company’s stock worth $394,000 after buying an additional 182 shares during the last quarter.

JPMorgan Global Select Equity ETF Company Profile

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.