JPMorgan International Growth ETF (NYSEARCA:JIG) Sees Large Increase in Short Interest

JPMorgan International Growth ETF (NYSEARCA:JIG) saw a significant growth in short interest in May. As of May 31st, there was short interest totalling 14,100 shares, a growth of 48.4% from the May 15th total of 9,500 shares. Currently, 0.8% of the company’s stock are sold short. Based on an average daily volume of 12,900 shares, the days-to-cover ratio is currently 1.1 days.

JPMorgan International Growth ETF Stock Down 1.6%

NYSEARCA JIG opened at $69.50 on Wednesday. JPMorgan International Growth ETF has a twelve month low of $53.65 and a twelve month high of $70.91. The firm has a market capitalization of $130.66 million, a PE ratio of 25.26 and a beta of 0.93. The stock’s 50 day moving average is $66.81 and its 200 day moving average is $65.16.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. IFP Advisors Inc raised its stake in JPMorgan International Growth ETF by 58.7% during the fourth quarter. IFP Advisors Inc now owns 2,288 shares of the company’s stock valued at $143,000 after buying an additional 846 shares during the last quarter. Bedel Financial Consulting Inc. purchased a new position in shares of JPMorgan International Growth ETF in the first quarter worth $202,000. Integrity Wealth Advisors Inc. purchased a new position in shares of JPMorgan International Growth ETF in the fourth quarter worth $327,000. Jane Street Group LLC raised its stake in shares of JPMorgan International Growth ETF by 6.4% in the first quarter. Jane Street Group LLC now owns 5,254 shares of the company’s stock worth $333,000 after purchasing an additional 318 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in shares of JPMorgan International Growth ETF in the fourth quarter worth $347,000.

JPMorgan International Growth ETF Company Profile

The JPMorgan International Growth ETF (JIG) is an exchange-traded fund that is based on the MSCI EAFE Growth index. The fund is an actively-managed portfolio of global ex-US stocks fundamentally selected for growth and quality traits. JIG was launched on May 20, 2020 and is managed by JPMorgan Chase.