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

JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) was the recipient of a significant growth in short interest in January. As of January 30th, there was short interest totaling 166,095 shares, a growth of 39.8% from the January 15th total of 118,787 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 723,108 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 723,108 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the stock are short sold.

JPMorgan U.S. Quality Factor ETF Stock Performance

NYSEARCA:JQUA traded down $0.14 during trading hours on Tuesday, reaching $63.62. The company’s stock had a trading volume of 95,394 shares, compared to its average volume of 731,923. The firm has a market capitalization of $7.54 billion, a price-to-earnings ratio of 23.86 and a beta of 0.93. The firm has a 50-day simple moving average of $63.92 and a 200-day simple moving average of $62.81. JPMorgan U.S. Quality Factor ETF has a 1 year low of $49.25 and a 1 year high of $64.90.

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

Several institutional investors and hedge funds have recently bought and sold shares of JQUA. Focus Partners Wealth lifted its position in JPMorgan U.S. Quality Factor ETF by 4,153.5% in the fourth quarter. Focus Partners Wealth now owns 1,368,506 shares of the company’s stock valued at $86,462,000 after purchasing an additional 1,336,332 shares during the last quarter. Savant Capital LLC lifted its stake in JPMorgan U.S. Quality Factor ETF by 14.7% in the second quarter. Savant Capital LLC now owns 8,382,025 shares of the company’s stock worth $503,341,000 after acquiring an additional 1,072,456 shares during the period. Hughes Financial Services LLC boosted its holdings in JPMorgan U.S. Quality Factor ETF by 15,645.5% in the fourth quarter. Hughes Financial Services LLC now owns 876,395 shares of the company’s stock valued at $55,371,000 after acquiring an additional 870,829 shares in the last quarter. UMB Bank n.a. increased its position in JPMorgan U.S. Quality Factor ETF by 4,731.9% during the 4th quarter. UMB Bank n.a. now owns 750,679 shares of the company’s stock valued at $47,428,000 after purchasing an additional 735,143 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in JPMorgan U.S. Quality Factor ETF by 53.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,027,896 shares of the company’s stock worth $127,575,000 after purchasing an additional 702,461 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.