JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) Sees Significant Decrease in Short Interest

JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) was the recipient of a large drop in short interest in June. As of June 30th, there was short interest totaling 69,053 shares, a drop of 39.4% from the June 15th total of 114,003 shares. Based on an average trading volume of 45,673 shares, the short-interest ratio is presently 1.5 days. Approximately 0.5% of the shares of the stock are short sold.

JPMorgan U.S. Value Factor ETF Trading Up 0.2%

Shares of NYSEARCA JVAL traded up $0.12 during midday trading on Thursday, hitting $57.95. 16,468 shares of the company’s stock were exchanged, compared to its average volume of 70,363. JPMorgan U.S. Value Factor ETF has a 12-month low of $43.88 and a 12-month high of $59.20. The company has a market cap of $822.89 million, a price-to-earnings ratio of 16.37 and a beta of 0.95. The business’s fifty day moving average price is $57.12 and its two-hundred day moving average price is $53.08.

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

Several hedge funds have recently bought and sold shares of the stock. Captrust Financial Advisors raised its position in shares of JPMorgan U.S. Value Factor ETF by 23,712.7% during the 4th quarter. Captrust Financial Advisors now owns 1,184,445 shares of the company’s stock valued at $58,133,000 after buying an additional 1,179,471 shares in the last quarter. Avidian Wealth Enterprises LLC grew its position in JPMorgan U.S. Value Factor ETF by 4.0% in the fourth quarter. Avidian Wealth Enterprises LLC now owns 1,036,358 shares of the company’s stock worth $50,864,000 after acquiring an additional 40,175 shares in the last quarter. CWM LLC grew its position in JPMorgan U.S. Value Factor ETF by 1.3% in the fourth quarter. CWM LLC now owns 797,213 shares of the company’s stock worth $39,127,000 after acquiring an additional 10,268 shares in the last quarter. Bank of America Corp DE increased its stake in JPMorgan U.S. Value Factor ETF by 4.0% in the first quarter. Bank of America Corp DE now owns 559,159 shares of the company’s stock valued at $27,320,000 after acquiring an additional 21,394 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its stake in JPMorgan U.S. Value Factor ETF by 34.0% in the fourth quarter. Thrivent Financial for Lutherans now owns 436,091 shares of the company’s stock valued at $21,582,000 after acquiring an additional 110,666 shares during the last quarter.

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.