JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA – Get Free Report) was the target of a large decrease in short interest in October. As of October 15th, there was short interest totaling 190,405 shares, a decrease of 36.7% from the September 30th total of 300,995 shares. Based on an average daily volume of 739,818 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.2% of the company’s shares are sold short.
JPMorgan U.S. Quality Factor ETF Stock Performance
Shares of NYSEARCA JQUA traded up $0.53 during midday trading on Monday, hitting $76.05. 92,570 shares of the company traded hands, compared to its average volume of 729,330. JPMorgan U.S. Quality Factor ETF has a 12-month low of $59.70 and a 12-month high of $76.68. The stock has a 50-day moving average price of $74.83 and a 200 day moving average price of $69.36. The firm has a market cap of $9.57 billion, a P/E ratio of 23.86 and a beta of 0.90.
Hedge Funds Weigh In On JPMorgan U.S. Quality Factor ETF
A number of institutional investors have recently added to or reduced their stakes in the company. RVW Wealth LLC bought a new stake in shares of JPMorgan U.S. Quality Factor ETF in the 3rd quarter worth approximately $74,549,000. Avidian Wealth Enterprises LLC purchased a new position in JPMorgan U.S. Quality Factor ETF during the third quarter valued at $73,013,000. Midland Wealth Advisors LLC bought a new stake in JPMorgan U.S. Quality Factor ETF in the third quarter worth $67,344,000. Aprio Wealth Management LLC bought a new position in shares of JPMorgan U.S. Quality Factor ETF during the third quarter valued at $35,975,000. Finally, Breakwater Capital Group bought a new position in shares of JPMorgan U.S. Quality Factor ETF during the third quarter valued at $33,394,000.
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.
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