Short Interest in JPMorgan Global Select Equity ETF Surges in February

In February, JPMorgan Global Select Equity ETF (NASDAQ:JGLO) experienced a significant uptick in short interest. The volume of shares sold short climbed to 4,600 as of February 15th, reflecting a 21.1% rise from the 3,800 shorted shares recorded at the end of January. The current volume suggests that short sellers anticipate a potential decline in the ETF's value. However, with an average daily trading volume of 346,100 shares, the days-to-cover ratio is 0.0 days, indicating that it would take no significant amount of time to cover all short positions.

Performance and Stock Details

On the trading front, JGLO shares commenced trading at $56.82 on a recent Tuesday. Over the past year, the ETF has seen a low of $45.26 and a peak of $57.03. Currently, JGLO maintains a 50-day moving average price of $53.69, which is often used by investors to analyze the price trend over an intermediate period.

Dividend Announcement

The ETF also made headlines with its annual dividend announcement. Shareholders recorded on December 20th received a dividend of $0.1698 per share on December 22nd. To be eligible for the dividend, investors had to hold shares before the ex-dividend date, which fell on December 19th. Dividends are a way for investors to earn income from their investments in the ETF, and such announcements are closely watched by the investment community.

Interest in JPMorgan Global Select Equity ETF continues as the market evaluates its performance, dividend yield, and investment strategy relative to the broader market and other available investment vehicles. With various market forces at play, investors keep a close eye on indicators like short interest and average trading volumes to make informed decisions.

ETF, ShortInterest, Dividend