JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) Sees Significant Increase in Short Interest

JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) was the recipient of a large increase in short interest during the month of April. As of April 15th, there was short interest totaling 43,751 shares, an increase of 78.7% from the March 31st total of 24,487 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average trading volume of 24,615 shares, the days-to-cover ratio is presently 1.8 days.

Institutional Trading of JPMorgan U.S. Value Factor ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. IFP Advisors Inc grew its position in JPMorgan U.S. Value Factor ETF by 35.0% in the third quarter. IFP Advisors Inc now owns 826 shares of the company’s stock worth $39,000 after acquiring an additional 214 shares during the period. Cary Street Partners Financial LLC raised its position in JPMorgan U.S. Value Factor ETF by 1.0% in the fourth quarter. Cary Street Partners Financial LLC now owns 24,762 shares of the company’s stock valued at $1,215,000 after purchasing an additional 247 shares during the period. Regal Investment Advisors LLC lifted its stake in shares of JPMorgan U.S. Value Factor ETF by 2.7% in the 4th quarter. Regal Investment Advisors LLC now owns 12,077 shares of the company’s stock valued at $593,000 after purchasing an additional 312 shares during the last quarter. Private Advisor Group LLC lifted its stake in shares of JPMorgan U.S. Value Factor ETF by 3.4% in the 3rd quarter. Private Advisor Group LLC now owns 13,092 shares of the company’s stock valued at $622,000 after purchasing an additional 433 shares during the last quarter. Finally, MML Investors Services LLC grew its holdings in shares of JPMorgan U.S. Value Factor ETF by 9.4% during the 4th quarter. MML Investors Services LLC now owns 5,226 shares of the company’s stock worth $257,000 after purchasing an additional 450 shares during the period.

JPMorgan U.S. Value Factor ETF Price Performance

JPMorgan U.S. Value Factor ETF stock remained flat at $53.47 during midday trading on Monday. 34,700 shares of the company traded hands, compared to its average volume of 80,849. JPMorgan U.S. Value Factor ETF has a 52-week low of $39.21 and a 52-week high of $53.71. The firm has a market cap of $721.85 million, a PE ratio of 16.37 and a beta of 0.94. The stock’s fifty day moving average price is $50.62 and its 200-day moving average price is $49.76.

About JPMorgan U.S. Value Factor ETF

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.