JPMorgan Global Select Equity ETF (NASDAQ:JGLO) Short Interest Up 691.9% in November

JPMorgan Global Select Equity ETF (NASDAQ:JGLO) was the target of a significant growth in short interest in November. As of November 15th, there was short interest totalling 360,300 shares, a growth of 691.9% from the October 31st total of 45,500 shares. Based on an average daily trading volume, of 877,500 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. LPL Financial LLC boosted its holdings in shares of JPMorgan Global Select Equity ETF by 59.0% during the 2nd quarter. LPL Financial LLC now owns 1,366,291 shares of the company’s stock valued at $82,524,000 after acquiring an additional 507,256 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings 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 buying an additional 87,330 shares during the period. Prudential PLC bought a new stake in shares of JPMorgan Global Select Equity ETF in the 2nd quarter valued at about $48,199,000. Envestnet Asset Management Inc. raised its position in shares of JPMorgan Global Select Equity ETF by 114.8% during the second quarter. Envestnet Asset Management Inc. now owns 700,226 shares of the company’s stock worth $42,294,000 after acquiring an additional 374,299 shares during the last quarter. Finally, Daymark Wealth Partners LLC lifted its stake in shares of JPMorgan Global Select Equity ETF by 14.4% in the third quarter. Daymark Wealth Partners LLC now owns 323,122 shares of the company’s stock worth $20,250,000 after acquiring an additional 40,609 shares during the period.

JPMorgan Global Select Equity ETF Price Performance

JPMorgan Global Select Equity ETF stock traded up $0.42 during mid-day trading on Friday, reaching $63.56. 44,463 shares of the company were exchanged, compared to its average volume of 459,638. The firm has a market cap of $5.03 billion, a PE ratio of 22.80 and a beta of 1.02. The company has a fifty day simple moving average of $62.71 and a 200-day simple moving average of $61.01. JPMorgan Global Select Equity ETF has a 12 month low of $49.93 and a 12 month high of $63.91.

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.