JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL – Get Free Report) was the target of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 63,785 shares, a decline of 35.9% from the July 15th total of 99,574 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average trading volume of 38,570 shares, the days-to-cover ratio is currently 1.7 days.
Hedge Funds Weigh In On JPMorgan U.S. Value Factor ETF
Institutional investors have recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. bought a new stake in JPMorgan U.S. Value Factor ETF during the first quarter worth about $37,000. IFP Advisors Inc boosted its holdings in shares of JPMorgan U.S. Value Factor ETF by 35.0% in the 3rd quarter. IFP Advisors Inc now owns 826 shares of the company’s stock worth $39,000 after acquiring an additional 214 shares in the last quarter. Greenline Wealth Management LLC acquired a new position in shares of JPMorgan U.S. Value Factor ETF in the 4th quarter worth approximately $44,000. Western Wealth Management LLC bought a new stake in JPMorgan U.S. Value Factor ETF during the 1st quarter worth approximately $45,000. Finally, Assetmark Inc. grew its position in JPMorgan U.S. Value Factor ETF by 2,726.5% during the 4th quarter. Assetmark Inc. now owns 961 shares of the company’s stock worth $47,000 after acquiring an additional 927 shares during the last quarter.
JPMorgan U.S. Value Factor ETF Price Performance
Shares of JPMorgan U.S. Value Factor ETF stock traded down $0.41 during midday trading on Tuesday, hitting $59.76. 6,714 shares of the company were exchanged, compared to its average volume of 66,805. The firm has a market cap of $863.53 million, a P/E ratio of 16.37 and a beta of 0.96. JPMorgan U.S. Value Factor ETF has a 52 week low of $45.40 and a 52 week high of $60.64. The firm has a 50 day simple moving average of $58.25 and a 200-day simple moving average of $54.42.
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.
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