JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) Short Interest Down 39.4% in June

JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) was the recipient of a large drop in short interest in June. As of June 30th, there was short interest totaling 69,053 shares, a drop of 39.4% from the June 15th total of 114,003 shares. Based on an average trading volume of 45,673 shares, the short-interest ratio is currently 1.5 days. Currently, 0.5% of the company’s shares are sold short.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Private Advisor Group LLC increased its position in JPMorgan U.S. Value Factor ETF by 252.7% in the 1st quarter. Private Advisor Group LLC now owns 48,645 shares of the company’s stock valued at $2,377,000 after buying an additional 34,853 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of JPMorgan U.S. Value Factor ETF by 29.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 104,835 shares of the company’s stock valued at $5,145,000 after buying an additional 23,903 shares during the last quarter. Thrivent Financial for Lutherans increased its position in shares of JPMorgan U.S. Value Factor ETF by 34.0% during the fourth quarter. Thrivent Financial for Lutherans now owns 436,091 shares of the company’s stock worth $21,582,000 after acquiring an additional 110,666 shares in the last quarter. Goodman Advisory Group LLC acquired a new stake in shares of JPMorgan U.S. Value Factor ETF in the 4th quarter worth about $19,545,000. Finally, CWM LLC raised its holdings in shares of JPMorgan U.S. Value Factor ETF by 1.3% in the 4th quarter. CWM LLC now owns 797,213 shares of the company’s stock worth $39,127,000 after acquiring an additional 10,268 shares during the last quarter.

JPMorgan U.S. Value Factor ETF Stock Performance

Shares of NYSEARCA:JVAL traded down $0.16 during midday trading on Friday, reaching $57.73. The company’s stock had a trading volume of 37,462 shares, compared to its average volume of 70,501. The firm has a market capitalization of $819.77 million, a price-to-earnings ratio of 16.37 and a beta of 0.95. The firm has a 50 day moving average price of $57.19 and a two-hundred day moving average price of $53.14. JPMorgan U.S. Value Factor ETF has a fifty-two week low of $43.88 and a fifty-two week high of $59.20.

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.