JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) Sees Large Growth in Short Interest

JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) saw a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 101,454 shares, an increase of 243.3% from the June 15th total of 29,556 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 434,486 shares, the days-to-cover ratio is presently 0.2 days.

JPMorgan U.S. Quality Factor ETF Trading Up 0.2%

NYSEARCA JQUA traded up $0.18 during trading hours on Tuesday, hitting $72.33. 422,606 shares of the company’s stock traded hands, compared to its average volume of 792,639. JPMorgan U.S. Quality Factor ETF has a 52 week low of $59.23 and a 52 week high of $72.66. The firm has a market capitalization of $8.17 billion, a P/E ratio of 23.86 and a beta of 0.91. The business’s fifty day moving average price is $70.38 and its two-hundred day moving average price is $66.05.

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

A number of hedge funds have recently modified their holdings of the business. Savant Capital LLC raised its holdings in JPMorgan U.S. Quality Factor ETF by 10.8% in the 4th quarter. Savant Capital LLC now owns 10,256,962 shares of the company’s stock worth $648,035,000 after purchasing an additional 996,453 shares during the period. Signaturefd LLC grew its holdings in JPMorgan U.S. Quality Factor ETF by 1.2% during the fourth quarter. Signaturefd LLC now owns 5,453,982 shares of the company’s stock valued at $344,583,000 after purchasing an additional 66,385 shares during the period. Morgan Stanley increased its position in JPMorgan U.S. Quality Factor ETF by 11.0% in the fourth quarter. Morgan Stanley now owns 2,960,267 shares of the company’s stock worth $187,030,000 after buying an additional 293,117 shares in the last quarter. Sage Mountain Advisors LLC raised its stake in shares of JPMorgan U.S. Quality Factor ETF by 1.7% in the fourth quarter. Sage Mountain Advisors LLC now owns 2,939,552 shares of the company’s stock worth $185,721,000 after buying an additional 50,109 shares during the period. Finally, Raymond James Financial Inc. lifted its position in shares of JPMorgan U.S. Quality Factor ETF by 16.8% during the 3rd quarter. Raymond James Financial Inc. now owns 1,691,928 shares of the company’s stock valued at $106,439,000 after buying an additional 243,540 shares in the last quarter.

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.