The Jensen Quality Growth ETF (NYSEARCA:JGRW) experienced a notable decline in short interest during February 2024. As of February 13, short interest totaled **7,891 shares**, representing a significant decrease of **60.4%** from **19,915 shares** reported on January 29. Currently, only **0.2%** of the ETF’s shares are sold short, reflecting a shift in investor sentiment.
The days-to-cover ratio, which indicates how quickly shorted shares can be repurchased based on average trading volume, stands at **0.3 days**. This figure is based on an average daily trading volume of **27,154 shares**, suggesting that the market has a relatively low level of short-selling activity for this fund.
Current Trading Performance
During midday trading on a recent Friday, shares of JGRW fell by **$0.04**, settling at **$26.18**. A total of **4,725 shares** changed hands, which is below the average volume of **16,357 shares**. Over the past year, the ETF has fluctuated between a low of **$22.86** and a high of **$27.60**. The fund’s market capitalization is currently valued at **$122 million**, with a price-to-earnings ratio of **31.47** and a beta of **0.74**, indicating lower volatility compared to the broader market. The 50-day and 200-day moving averages are recorded at **$26.69** and **$26.88**, respectively.
Institutional Investment Trends
Recent filings with the U.S. Securities and Exchange Commission (SEC) reveal that SOL Capital Management has significantly increased its stake in Jensen Quality Growth ETF. The firm raised its holdings by **64.4%** during the fourth quarter of 2023, acquiring an additional **150,616 shares** to reach a total of **384,506 shares**. This investment now constitutes approximately **0.9%** of SOL Capital Management’s overall portfolio, making JGRW its **28th largest holding**. As of the latest SEC filing, this investment is valued at **$10,407,000**, representing about **8.27%** of the ETF.
The Jensen Quality Growth ETF primarily invests in a broad spectrum of U.S. equities, focusing on stocks that exhibit robust growth and quality characteristics. Launched on **August 13, 2024**, the fund aims for long-term capital appreciation through an actively managed portfolio.
With these substantial changes in short interest and recent institutional investments, the Jensen Quality Growth ETF continues to attract attention from investors, reflecting broader trends in market behavior and sentiment.
