JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) Short Interest Update

JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) saw a large decline in short interest in the month of December. As of December 15th, there was short interest totaling 5,921 shares, a decline of 38.2% from the November 30th total of 9,588 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 60,665 shares, the short-interest ratio is presently 0.1 days. Based on an average daily trading volume, of 60,665 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are short sold.

Hedge Funds Weigh In On JPMorgan U.S. Value Factor ETF

Several institutional investors have recently modified their holdings of the business. Royal Bank of Canada increased its holdings in shares of JPMorgan U.S. Value Factor ETF by 87.5% in the first quarter. Royal Bank of Canada now owns 9,777 shares of the company’s stock valued at $405,000 after purchasing an additional 4,562 shares during the last quarter. Federation des caisses Desjardins du Quebec increased its holdings in JPMorgan U.S. Value Factor ETF by 1.7% during the 1st quarter. Federation des caisses Desjardins du Quebec now owns 522,173 shares of the company’s stock worth $21,628,000 after purchasing an additional 8,767 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in JPMorgan U.S. Value Factor ETF by 17.9% during the first quarter. NewEdge Advisors LLC now owns 16,039 shares of the company’s stock valued at $664,000 after purchasing an additional 2,430 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in JPMorgan U.S. Value Factor ETF in the 1st quarter worth approximately $302,000. Finally, SCS Capital Management LLC purchased a new stake in JPMorgan U.S. Value Factor ETF in the first quarter worth approximately $734,000.

JPMorgan U.S. Value Factor ETF Price Performance

NYSEARCA:JVAL traded up $0.04 during midday trading on Friday, reaching $49.78. 17,806 shares of the company traded hands, compared to its average volume of 70,987. JPMorgan U.S. Value Factor ETF has a twelve month low of $35.62 and a twelve month high of $50.41. The firm has a market capitalization of $572.47 million, a price-to-earnings ratio of 16.37 and a beta of 1.00. The company has a fifty day moving average price of $48.52 and a 200 day moving average price of $46.78.

About JPMorgan U.S. Value Factor ETF

The JPMorgan U.S. Value Factor ETF (JVAL) is an exchange-traded fund that is based on the JP Morgan US Value Factor index. The fund tracks an index of large-cap US equities that are selected and weighted by four relative valuation factors: book yield, earnings yield, dividend yield and cash flow yield. JVAL was launched on Nov 8, 2017 and is managed by JPMorgan Chase.