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 August. As of August 31st, there was short interest totaling 51,422 shares, a decline of 39.3% from the August 15th total of 84,664 shares. Based on an average daily trading volume, of 99,209 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.4% of the company’s shares are short sold.

JPMorgan U.S. Value Factor ETF Stock Down 0.6%

NYSEARCA JVAL traded down $0.37 during trading hours on Friday, hitting $58.55. The company’s stock had a trading volume of 29,282 shares, compared to its average volume of 69,649. The stock has a fifty day moving average of $58.92 and a 200 day moving average of $55.69. JPMorgan U.S. Value Factor ETF has a twelve month low of $45.91 and a twelve month high of $60.64. The firm has a market capitalization of $846.09 million, a P/E ratio of 16.37 and a beta of 0.96.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of JPMorgan U.S. Value Factor ETF in the 1st quarter valued at about $37,000. Western Wealth Management LLC acquired a new position in JPMorgan U.S. Value Factor ETF during the first quarter valued at approximately $45,000. Fifth Third Bancorp acquired a new position in JPMorgan U.S. Value Factor ETF during the first quarter valued at approximately $140,000. Geneos Wealth Management Inc. increased its stake in JPMorgan U.S. Value Factor ETF by 22.4% in the first quarter. Geneos Wealth Management Inc. now owns 3,180 shares of the company’s stock valued at $155,000 after purchasing an additional 581 shares in the last quarter. Finally, Kintra Wealth LLC bought a new stake in JPMorgan U.S. Value Factor ETF in the second quarter valued at approximately $217,000.

JPMorgan U.S. Value Factor ETF Company Profile

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.