Short Interest in JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) Expands By 55.3%

JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) saw a significant growth in short interest in the month of December. As of December 15th, there was short interest totaling 188,997 shares, a growth of 55.3% from the November 30th total of 121,695 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily volume of 655,585 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 655,585 shares, the short-interest ratio is presently 0.3 days. Currently, 0.2% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in JQUA. Atlantic Union Bankshares Corp bought a new position in shares of JPMorgan U.S. Quality Factor ETF during the 2nd quarter valued at $25,000. Harbour Investments Inc. raised its stake in shares of JPMorgan U.S. Quality Factor ETF by 26.5% in the second quarter. Harbour Investments Inc. now owns 906 shares of the company’s stock valued at $54,000 after purchasing an additional 190 shares in the last quarter. Parkworth Wealth Management Inc. bought a new position in shares of JPMorgan U.S. Quality Factor ETF during the 2nd quarter worth about $55,000. Asset Dedication LLC grew its stake in shares of JPMorgan U.S. Quality Factor ETF by 840.0% in the 2nd quarter. Asset Dedication LLC now owns 940 shares of the company’s stock valued at $56,000 after purchasing an additional 840 shares during the period. Finally, DHJJ Financial Advisors Ltd. grew its position in JPMorgan U.S. Quality Factor ETF by 56.4% in the third quarter. DHJJ Financial Advisors Ltd. now owns 904 shares of the company’s stock valued at $57,000 after acquiring an additional 326 shares during the period.

JPMorgan U.S. Quality Factor ETF Stock Performance

Shares of NYSEARCA:JQUA traded down $0.27 during midday trading on Monday, reaching $63.79. The company had a trading volume of 61,709 shares, compared to its average volume of 690,551. The company has a fifty day simple moving average of $62.84 and a two-hundred day simple moving average of $61.81. The firm has a market cap of $7.58 billion, a price-to-earnings ratio of 23.86 and a beta of 0.93. JPMorgan U.S. Quality Factor ETF has a 1-year low of $49.25 and a 1-year high of $64.35.

About JPMorgan U.S. Quality Factor ETF

The JPMorgan U.S. Quality Factor ETF (JQUA) is an exchange-traded fund that is based on the JP Morgan US Quality Factor index. The fund selects companies from the Russell 1000 using three quality factors: profitability, earnings, and solvency. JQUA was launched on Nov 8, 2017 and is managed by JPMorgan Chase.