JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) Sees Significant Decline in Short Interest

JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) was the target of a significant decline in short interest in August. As of August 14th, there was short interest totaling 116,015 shares, a decline of 64.9% from the July 30th total of 330,900 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 589,145 shares, the short-interest ratio is presently 0.2 days.

JPMorgan U.S. Quality Factor ETF Price Performance

Shares of NYSEARCA JQUA traded down $0.35 during mid-day trading on Friday, hitting $74.89. The company had a trading volume of 365,688 shares, compared to its average volume of 725,712. The company has a market capitalization of $8.52 billion, a PE ratio of 23.86 and a beta of 0.90. JPMorgan U.S. Quality Factor ETF has a 1-year low of $59.70 and a 1-year high of $75.64. The business’s 50-day simple moving average is $72.81 and its 200 day simple moving average is $68.24.

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

Large investors have recently bought and sold shares of the stock. Focus Partners Wealth boosted its stake in shares of JPMorgan U.S. Quality Factor ETF by 4,153.5% in the 4th quarter. Focus Partners Wealth now owns 1,368,506 shares of the company’s stock valued at $86,462,000 after buying an additional 1,336,332 shares during the period. Savant Capital LLC increased its stake in shares of JPMorgan U.S. Quality Factor ETF by 10.8% during the fourth quarter. Savant Capital LLC now owns 10,256,962 shares of the company’s stock worth $648,035,000 after buying an additional 996,453 shares during the period. Hughes Financial Services LLC increased its stake in shares of JPMorgan U.S. Quality Factor ETF by 15,645.5% during the fourth quarter. Hughes Financial Services LLC now owns 876,395 shares of the company’s stock worth $55,371,000 after buying an additional 870,829 shares during the period. UMB Bank n.a. raised its holdings in JPMorgan U.S. Quality Factor ETF by 4,731.9% in the fourth quarter. UMB Bank n.a. now owns 750,679 shares of the company’s stock valued at $47,428,000 after acquiring an additional 735,143 shares in the last quarter. Finally, hemming& Wealth Management Inc. acquired a new stake in JPMorgan U.S. Quality Factor ETF in the fourth quarter valued at approximately $29,734,000.

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.