Short Interest in JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) Decreases By 56.6%

JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) was the recipient of a large decrease in short interest during the month of January. As of January 15th, there was short interest totaling 118,787 shares, a decrease of 56.6% from the December 31st total of 273,999 shares. Based on an average daily volume of 594,707 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are short sold. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 594,707 shares, the days-to-cover ratio is currently 0.2 days.

JPMorgan U.S. Quality Factor ETF Price Performance

Shares of JQUA stock traded down $0.25 during midday trading on Thursday, hitting $64.39. The company had a trading volume of 656,463 shares, compared to its average volume of 669,266. The stock has a market cap of $7.64 billion, a price-to-earnings ratio of 23.86 and a beta of 0.93. The company’s 50 day simple moving average is $63.58 and its 200 day simple moving average is $62.49. JPMorgan U.S. Quality Factor ETF has a 52-week low of $49.25 and a 52-week high of $64.90.

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

A number of large investors have recently added to or reduced their stakes in JQUA. Savant Capital LLC grew its position in shares of JPMorgan U.S. Quality Factor ETF by 10.5% in the third quarter. Savant Capital LLC now owns 9,260,509 shares of the company’s stock valued at $582,579,000 after purchasing an additional 878,484 shares during the last quarter. Signaturefd LLC grew its holdings in JPMorgan U.S. Quality Factor ETF by 1.2% during the 4th quarter. Signaturefd LLC now owns 5,453,982 shares of the company’s stock valued at $344,583,000 after buying an additional 66,385 shares during the last quarter. Sage Mountain Advisors LLC increased its position in JPMorgan U.S. Quality Factor ETF by 1.7% during 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 in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of JPMorgan U.S. Quality Factor ETF by 53.0% in the third quarter. JPMorgan Chase & Co. now owns 2,027,896 shares of the company’s stock worth $127,575,000 after acquiring an additional 702,461 shares during the last quarter. Finally, Midland Wealth Advisors LLC raised its holdings in shares of JPMorgan U.S. Quality Factor ETF by 2.7% in the second quarter. Midland Wealth Advisors LLC now owns 2,026,359 shares of the company’s stock worth $121,683,000 after acquiring an additional 53,000 shares during the last quarter.

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.