JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL – Get Free Report) saw a large decline in short interest in October. As of October 30th, there was short interest totaling 39,276 shares, a decline of 67.8% from the October 15th total of 121,976 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average trading volume of 65,541 shares, the days-to-cover ratio is presently 0.6 days.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in JVAL. Avidian Wealth Enterprises LLC purchased a new stake in JPMorgan U.S. Value Factor ETF during the 3rd quarter worth approximately $69,303,000. Prism Advisors Inc. purchased a new position in JPMorgan U.S. Value Factor ETF in the 3rd quarter valued at approximately $13,647,000. Fifth Third Securities Inc. purchased a new position in JPMorgan U.S. Value Factor ETF in the 3rd quarter valued at approximately $2,243,000. Sigma Planning Corp purchased a new position in JPMorgan U.S. Value Factor ETF in the 3rd quarter valued at approximately $1,928,000. Finally, B. Riley Wealth Advisors Inc. purchased a new position in JPMorgan U.S. Value Factor ETF in the 3rd quarter valued at approximately $1,891,000.
JPMorgan U.S. Value Factor ETF Stock Down 0.6%
NYSEARCA JVAL traded down $0.32 during trading on Friday, hitting $58.38. The stock had a trading volume of 14,381 shares, compared to its average volume of 69,805. The company has a market capitalization of $1.06 billion, a PE ratio of 17.74 and a beta of 0.97. The firm has a 50 day moving average price of $58.75 and a 200 day moving average price of $55.78. JPMorgan U.S. Value Factor ETF has a twelve month low of $45.91 and a twelve month high of $60.64.
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.
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