Short Interest in JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) Declines By 65.4%

JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) was the target of a significant decline in short interest in the month of February. As of February 27th, there was short interest totaling 76,945 shares, a decline of 65.4% from the February 12th total of 222,642 shares. Based on an average trading volume of 873,158 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are sold short. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 873,158 shares, the days-to-cover ratio is presently 0.1 days.

JPMorgan U.S. Quality Factor ETF Stock Performance

JPMorgan U.S. Quality Factor ETF stock opened at $63.29 on Wednesday. The company has a 50 day moving average price of $63.98 and a 200 day moving average price of $63.13. JPMorgan U.S. Quality Factor ETF has a 52 week low of $49.25 and a 52 week high of $64.90. The firm has a market capitalization of $7.50 billion, a price-to-earnings ratio of 23.86 and a beta of 0.93.

Institutional Trading of JPMorgan U.S. Quality Factor ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Advisortrust Partners LLC purchased a new position in shares of JPMorgan U.S. Quality Factor ETF during the fourth quarter valued at $288,000. SHP Wealth Management purchased a new stake in JPMorgan U.S. Quality Factor ETF in the 4th quarter worth about $2,889,000. hemming& Wealth Management Inc. purchased a new stake in JPMorgan U.S. Quality Factor ETF in the 4th quarter worth about $29,734,000. OakTrust Wealth Advisors LLC acquired a new stake in JPMorgan U.S. Quality Factor ETF during the 4th quarter worth about $706,000. Finally, TD Capital Management LLC boosted its position in JPMorgan U.S. Quality Factor ETF by 12.0% during the 4th quarter. TD Capital Management LLC now owns 56,723 shares of the company’s stock worth $3,584,000 after acquiring an additional 6,082 shares during the period.

About JPMorgan U.S. Quality Factor ETF

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.