JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) Stock Short Interest Falls 67.8%

JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) was the recipient of a significant drop in short interest in the month of October. As of October 30th, there was short interest totaling 39,276 shares, a drop of 67.8% from the October 15th total of 121,976 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 65,541 shares, the short-interest ratio is presently 0.6 days.

JPMorgan U.S. Value Factor ETF Trading Down 0.6%

NYSEARCA:JVAL traded down $0.32 during midday trading on Friday, reaching $58.38. The company had a trading volume of 14,381 shares, compared to its average volume of 69,805. JPMorgan U.S. Value Factor ETF has a 12-month low of $45.91 and a 12-month high of $60.64. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of 17.74 and a beta of 0.97. The stock’s fifty day simple moving average is $58.75 and its 200-day simple moving average is $55.78.

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

A number of hedge funds have recently bought and sold shares of JVAL. Composition Wealth LLC acquired a new position in shares of JPMorgan U.S. Value Factor ETF during the third quarter worth about $610,000. Thoroughbred Financial Services LLC purchased a new position in JPMorgan U.S. Value Factor ETF in the third quarter worth approximately $1,627,000. Harbour Investments Inc. acquired a new position in JPMorgan U.S. Value Factor ETF during the 3rd quarter worth approximately $883,000. Russell Investments Group Ltd. grew its holdings in JPMorgan U.S. Value Factor ETF by 22,340.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 2,244 shares of the company’s stock worth $130,000 after acquiring an additional 2,234 shares in the last quarter. Finally, Cooper Haims Advisors LLC acquired a new position in JPMorgan U.S. Value Factor ETF during the 3rd quarter worth approximately $394,000.

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.