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

JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) was the recipient of a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 29,556 shares, a decline of 77.5% from the May 31st total of 131,422 shares. Based on an average trading volume of 751,253 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

JPMorgan U.S. Quality Factor ETF Stock Down 0.4%

JQUA stock opened at $70.70 on Friday. The business’s fifty day moving average is $68.99 and its 200-day moving average is $65.39. The company has a market cap of $7.95 billion, a P/E ratio of 23.86 and a beta of 0.91. JPMorgan U.S. Quality Factor ETF has a twelve month low of $59.23 and a twelve month high of $72.31.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Operose Advisors LLC boosted its position in shares of JPMorgan U.S. Quality Factor ETF by 65.5% during the fourth quarter. Operose Advisors LLC now owns 594 shares of the company’s stock worth $38,000 after purchasing an additional 235 shares in the last quarter. Lloyd Advisory Services LLC. acquired a new position in shares of JPMorgan U.S. Quality Factor ETF in the 4th quarter valued at approximately $39,000. Wealth Watch Advisors INC bought a new stake in JPMorgan U.S. Quality Factor ETF during the 3rd quarter worth approximately $57,000. Smartleaf Asset Management LLC raised its holdings in JPMorgan U.S. Quality Factor ETF by 1,782.1% during the 2nd quarter. Smartleaf Asset Management LLC now owns 1,054 shares of the company’s stock worth $63,000 after buying an additional 998 shares during the period. Finally, International Assets Investment Management LLC bought a new position in JPMorgan U.S. Quality Factor ETF in the fourth quarter valued at approximately $71,000.

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.