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

JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) was the target of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 82,866 shares, an increase of 94.5% from the May 14th total of 42,595 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average daily volume of 78,312 shares, the short-interest ratio is presently 1.1 days.

Institutional Investors Weigh In On JPMorgan U.S. Value Factor ETF

Several hedge funds have recently modified their holdings of JVAL. Realta Investment Advisors acquired a new position in JPMorgan U.S. Value Factor ETF in the 4th quarter worth about $29,000. Whittier Trust Co. of Nevada Inc. bought a new position in JPMorgan U.S. Value Factor ETF in the first quarter valued at about $37,000. IFP Advisors Inc boosted its stake in shares of JPMorgan U.S. Value Factor ETF by 35.0% during the third quarter. IFP Advisors Inc now owns 826 shares of the company’s stock valued at $39,000 after purchasing an additional 214 shares in the last quarter. Greenline Wealth Management LLC acquired a new stake in shares of JPMorgan U.S. Value Factor ETF during the fourth quarter valued at about $44,000. Finally, Western Wealth Management LLC bought a new stake in shares of JPMorgan U.S. Value Factor ETF during the first quarter worth about $45,000.

JPMorgan U.S. Value Factor ETF Trading Down 1.0%

JPMorgan U.S. Value Factor ETF stock traded down $0.56 during mid-day trading on Tuesday, reaching $58.23. The company had a trading volume of 181,572 shares, compared to its average volume of 73,987. The business has a fifty day simple moving average of $54.64 and a 200 day simple moving average of $51.75. The company has a market cap of $791.93 million, a P/E ratio of 16.37 and a beta of 0.96. JPMorgan U.S. Value Factor ETF has a fifty-two week low of $42.90 and a fifty-two week high of $59.20.

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.