JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) Short Interest Up 501.5% in January

JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) was the recipient of a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 125,158 shares, a growth of 501.5% from the December 31st total of 20,808 shares. Approximately 1.0% of the shares of the stock are sold short. Based on an average daily volume of 190,510 shares, the short-interest ratio is currently 0.7 days. Based on an average daily volume of 190,510 shares, the short-interest ratio is currently 0.7 days. Approximately 1.0% of the shares of the stock are sold short.

JPMorgan U.S. Value Factor ETF Price Performance

Shares of NYSEARCA:JVAL traded down $0.01 during trading on Thursday, hitting $51.14. 31,010 shares of the company’s stock were exchanged, compared to its average volume of 164,353. The business’s 50-day simple moving average is $49.80 and its 200 day simple moving average is $47.82. The company has a market cap of $652.04 million, a price-to-earnings ratio of 16.37 and a beta of 1.00. JPMorgan U.S. Value Factor ETF has a 52-week low of $35.62 and a 52-week high of $51.47.

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

Several institutional investors and hedge funds have recently modified their holdings of JVAL. Ashton Thomas Private Wealth LLC boosted its position in shares of JPMorgan U.S. Value Factor ETF by 59.5% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 29,773 shares of the company’s stock worth $1,461,000 after acquiring an additional 11,112 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of JPMorgan U.S. Value Factor ETF by 27.0% during the 4th quarter. Geneos Wealth Management Inc. now owns 2,599 shares of the company’s stock valued at $128,000 after purchasing an additional 552 shares during the last quarter. CWM LLC boosted its holdings in shares of JPMorgan U.S. Value Factor ETF by 1.3% during the 4th quarter. CWM LLC now owns 797,213 shares of the company’s stock valued at $39,127,000 after purchasing an additional 10,268 shares during the last quarter. Assetmark Inc. grew its position in shares of JPMorgan U.S. Value Factor ETF by 2,726.5% during the fourth quarter. Assetmark Inc. now owns 961 shares of the company’s stock valued at $47,000 after purchasing an additional 927 shares in the last quarter. Finally, Mainsail Financial Group LLC increased its holdings in shares of JPMorgan U.S. Value Factor ETF by 2.0% in the fourth quarter. Mainsail Financial Group LLC now owns 381,712 shares of the company’s stock worth $18,734,000 after purchasing an additional 7,513 shares during the last quarter.

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.