Short Interest in JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) Decreases By 39.4%

JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) was the recipient of a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 69,053 shares, a decrease of 39.4% from the June 15th total of 114,003 shares. Based on an average daily volume of 45,673 shares, the short-interest ratio is presently 1.5 days. Currently, 0.5% of the company’s stock are sold short.

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

Large investors have recently modified their holdings of the company. IFP Advisors Inc lifted its stake in shares of JPMorgan U.S. Value Factor ETF by 35.0% during the 3rd quarter. IFP Advisors Inc now owns 826 shares of the company’s stock valued at $39,000 after buying an additional 214 shares in the last quarter. Cary Street Partners Financial LLC grew its stake in JPMorgan U.S. Value Factor ETF by 1.0% in the 4th quarter. Cary Street Partners Financial LLC now owns 24,762 shares of the company’s stock valued at $1,215,000 after buying an additional 247 shares in the last quarter. Regal Investment Advisors LLC raised its holdings in JPMorgan U.S. Value Factor ETF by 2.7% during the 4th quarter. Regal Investment Advisors LLC now owns 12,077 shares of the company’s stock valued at $593,000 after acquiring an additional 312 shares during the period. Private Advisor Group LLC raised its holdings in JPMorgan U.S. Value Factor ETF by 3.4% during the 3rd quarter. Private Advisor Group LLC now owns 13,092 shares of the company’s stock valued at $622,000 after acquiring an additional 433 shares during the period. Finally, MML Investors Services LLC lifted its position in shares of JPMorgan U.S. Value Factor ETF by 9.4% during the fourth quarter. MML Investors Services LLC now owns 5,226 shares of the company’s stock worth $257,000 after acquiring an additional 450 shares in the last quarter.

JPMorgan U.S. Value Factor ETF Price Performance

Shares of JVAL opened at $57.46 on Friday. JPMorgan U.S. Value Factor ETF has a one year low of $43.88 and a one year high of $59.20. The company has a market cap of $821.68 million, a PE ratio of 16.37 and a beta of 0.95. The stock has a 50-day moving average of $57.23 and a 200-day moving average of $53.17.

JPMorgan U.S. Value Factor ETF Company Profile

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.