JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) Short Interest Up 195.0% in July

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

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

Several institutional investors and hedge funds have recently modified their holdings of the stock. Operose Advisors LLC boosted its stake in JPMorgan U.S. Quality Factor ETF by 65.5% in the 4th quarter. Operose Advisors LLC now owns 594 shares of the company’s stock worth $38,000 after purchasing an additional 235 shares in the last quarter. Lloyd Advisory Services LLC. bought a new position in shares of JPMorgan U.S. Quality Factor ETF in the fourth quarter worth approximately $39,000. Wealth Watch Advisors INC bought a new position in shares of JPMorgan U.S. Quality Factor ETF in the third quarter worth approximately $57,000. Smartleaf Asset Management LLC grew its holdings in shares of JPMorgan U.S. Quality Factor ETF by 1,782.1% during the second quarter. Smartleaf Asset Management LLC now owns 1,054 shares of the company’s stock valued at $63,000 after buying an additional 998 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new position in JPMorgan U.S. Quality Factor ETF in the 4th quarter worth approximately $71,000.

JPMorgan U.S. Quality Factor ETF Stock Up 0.3%

JPMorgan U.S. Quality Factor ETF stock opened at $72.06 on Wednesday. JPMorgan U.S. Quality Factor ETF has a twelve month low of $59.46 and a twelve month high of $72.66. The company has a market capitalization of $8.19 billion, a P/E ratio of 23.86 and a beta of 0.91. The stock’s 50 day moving average is $71.23 and its 200 day moving average is $66.68.

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.