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

JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 20,808 shares, an increase of 251.4% from the December 15th total of 5,921 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average trading volume of 23,964 shares, the short-interest ratio is currently 0.9 days. Based on an average trading volume of 23,964 shares, the short-interest ratio is currently 0.9 days. Currently, 0.2% of the shares of the company are short sold.

JPMorgan U.S. Value Factor ETF Stock Performance

Shares of NYSEARCA:JVAL traded down $0.07 during midday trading on Tuesday, hitting $50.76. The company’s stock had a trading volume of 9,994 shares, compared to its average volume of 191,820. The stock has a market capitalization of $616.75 million, a price-to-earnings ratio of 16.37 and a beta of 1.00. The stock’s 50 day simple moving average is $48.90 and its 200 day simple moving average is $47.31. JPMorgan U.S. Value Factor ETF has a fifty-two week low of $35.62 and a fifty-two week high of $50.95.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in JVAL. IFP Advisors Inc bought a new stake in shares of JPMorgan U.S. Value Factor ETF in the second quarter valued at about $27,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of JPMorgan U.S. Value Factor ETF in the 2nd quarter worth approximately $35,000. First Horizon Corp acquired a new stake in shares of JPMorgan U.S. Value Factor ETF during the 3rd quarter worth approximately $55,000. Farther Finance Advisors LLC grew its holdings in shares of JPMorgan U.S. Value Factor ETF by 98.2% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,558 shares of the company’s stock worth $69,000 after purchasing an additional 772 shares in the last quarter. Finally, Triumph Capital Management bought a new stake in shares of JPMorgan U.S. Value Factor ETF during the third quarter valued at approximately $134,000.

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.