JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) Short Interest Update

JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) saw a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 299,339 shares, an increase of 195.0% from the June 30th total of 101,454 shares. Based on an average daily volume of 376,372 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.3% of the shares of the company are sold short.

Hedge Funds Weigh In On JPMorgan U.S. Quality Factor ETF

Institutional investors have recently made changes to their positions in the business. D.A. Davidson & CO. grew its position in JPMorgan U.S. Quality Factor ETF by 13.6% in the 4th quarter. D.A. Davidson & CO. now owns 118,850 shares of the company’s stock worth $7,509,000 after purchasing an additional 14,215 shares during the last quarter. Lawood & Co. bought a new stake in shares of JPMorgan U.S. Quality Factor ETF in the 4th quarter worth approximately $7,875,000. Able Wealth Management LLC grew its holdings in shares of JPMorgan U.S. Quality Factor ETF by 19.2% during the 4th quarter. Able Wealth Management LLC now owns 226,731 shares of the company’s stock worth $14,325,000 after purchasing an additional 36,491 shares in the last quarter. Redhawk Wealth Advisors Inc. grew its holdings in shares of JPMorgan U.S. Quality Factor ETF by 9.5% during the 4th quarter. Redhawk Wealth Advisors Inc. now owns 134,879 shares of the company’s stock worth $8,522,000 after purchasing an additional 11,670 shares in the last quarter. Finally, Kelly Financial Group LLC increased its position in shares of JPMorgan U.S. Quality Factor ETF by 4.7% during the fourth quarter. Kelly Financial Group LLC now owns 260,373 shares of the company’s stock valued at $16,450,000 after purchasing an additional 11,773 shares during the period.

JPMorgan U.S. Quality Factor ETF Stock Performance

Shares of JPMorgan U.S. Quality Factor ETF stock traded up $0.32 on Monday, reaching $71.71. The stock had a trading volume of 156,681 shares, compared to its average volume of 766,740. The business’s 50-day moving average price is $71.08 and its two-hundred day moving average price is $66.57. The stock has a market cap of $8.15 billion, a P/E ratio of 23.86 and a beta of 0.91. JPMorgan U.S. Quality Factor ETF has a fifty-two week low of $59.46 and a fifty-two week high of $72.66.

JPMorgan U.S. Quality Factor ETF Company Profile

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.