JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) Short Interest Down 14.5% in March

JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) was the recipient of a significant drop in short interest during the month of March. As of March 13th, there was short interest totaling 28,485 shares, a drop of 14.5% from the February 26th total of 33,318 shares. Based on an average daily volume of 91,089 shares, the short-interest ratio is presently 0.3 days. Currently, 0.2% of the shares of the company are sold short.

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

A number of large investors have recently bought and sold shares of the business. Realta Investment Advisors acquired a new stake in JPMorgan U.S. Value Factor ETF in the fourth quarter valued at approximately $29,000. Twin Peaks Wealth Advisors LLC purchased a new position in shares of JPMorgan U.S. Value Factor ETF during the 2nd quarter valued at approximately $35,000. IFP Advisors Inc grew its stake in JPMorgan U.S. Value Factor ETF by 35.0% in the 3rd quarter. IFP Advisors Inc now owns 826 shares of the company’s stock valued at $39,000 after acquiring an additional 214 shares during the period. Greenline Wealth Management LLC acquired a new stake in JPMorgan U.S. Value Factor ETF in the 4th quarter valued at $44,000. Finally, Assetmark Inc. increased its holdings in JPMorgan U.S. Value Factor ETF by 2,726.5% in the 4th quarter. Assetmark Inc. now owns 961 shares of the company’s stock worth $47,000 after acquiring an additional 927 shares in the last quarter.

JPMorgan U.S. Value Factor ETF Stock Performance

NYSEARCA JVAL opened at $48.86 on Wednesday. JPMorgan U.S. Value Factor ETF has a fifty-two week low of $35.62 and a fifty-two week high of $52.64. The stock has a 50-day simple moving average of $50.55 and a two-hundred day simple moving average of $49.27. The firm has a market capitalization of $654.72 million, a P/E ratio of 16.37 and a beta of 1.00.

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.