JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) Sees Large Decline in Short Interest

JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) was the target of a significant decrease in short interest in December. As of December 15th, there was short interest totaling 5,921 shares, a decrease of 38.2% from the November 30th total of 9,588 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 60,665 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 60,665 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are short sold.

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

Several hedge funds have recently bought and sold shares of JVAL. IFP Advisors Inc increased its stake in shares of JPMorgan U.S. Value Factor ETF by 35.0% during the third quarter. IFP Advisors Inc now owns 826 shares of the company’s stock valued at $39,000 after purchasing an additional 214 shares in the last quarter. Acropolis Investment Management LLC boosted its position in shares of JPMorgan U.S. Value Factor ETF by 2.4% in the 3rd quarter. Acropolis Investment Management LLC now owns 9,885 shares of the company’s stock worth $437,000 after purchasing an additional 235 shares in the last quarter. Alesco Advisors LLC grew its stake in shares of JPMorgan U.S. Value Factor ETF by 3.5% in the 2nd quarter. Alesco Advisors LLC now owns 8,975 shares of the company’s stock worth $397,000 after buying an additional 305 shares during the last quarter. Private Advisor Group LLC increased its position 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 buying an additional 433 shares in the last quarter. Finally, Auxano Advisors LLC raised its stake in JPMorgan U.S. Value Factor ETF by 10.0% during the third quarter. Auxano Advisors LLC now owns 5,635 shares of the company’s stock valued at $268,000 after buying an additional 514 shares during the last quarter.

JPMorgan U.S. Value Factor ETF Trading Down 0.3%

JPMorgan U.S. Value Factor ETF stock traded down $0.17 on Monday, hitting $49.61. 13,689 shares of the stock traded hands, compared to its average volume of 70,756. JPMorgan U.S. Value Factor ETF has a 1 year low of $35.62 and a 1 year high of $50.41. The firm has a market cap of $570.52 million, a P/E ratio of 16.37 and a beta of 1.00. The business’s fifty day simple moving average is $48.56 and its 200 day simple moving average is $46.84.

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.