Short Interest in JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) Decreases By 14.5%

JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) saw a large decrease in short interest in March. As of March 13th, there was short interest totaling 28,485 shares, a decrease of 14.5% from the February 26th total of 33,318 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 91,089 shares, the days-to-cover ratio is currently 0.3 days.

JPMorgan U.S. Value Factor ETF Price Performance

Shares of JVAL opened at $49.23 on Thursday. JPMorgan U.S. Value Factor ETF has a one year low of $35.62 and a one year high of $52.64. The company has a market cap of $659.68 million, a PE ratio of 16.37 and a beta of 1.00. The stock has a 50-day moving average of $50.51 and a 200-day moving average of $49.27.

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

A number of hedge funds have recently added to or reduced their stakes in JVAL. Realta Investment Advisors acquired a new position in shares of JPMorgan U.S. Value Factor ETF during the fourth quarter worth approximately $29,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of JPMorgan U.S. Value Factor ETF in the 2nd quarter worth $35,000. IFP Advisors Inc grew its position in 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 valued at $39,000 after purchasing an additional 214 shares during the period. Greenline Wealth Management LLC acquired a new stake in JPMorgan U.S. Value Factor ETF in the 4th quarter valued at $44,000. Finally, Assetmark Inc. increased its stake 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 valued at $47,000 after purchasing an additional 927 shares in the last quarter.

About JPMorgan U.S. Value Factor ETF

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.