JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) Sees Significant Drop in Short Interest

JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) was the recipient of a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 29,556 shares, a decline of 77.5% from the May 31st total of 131,422 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 751,253 shares, the days-to-cover ratio is currently 0.0 days.

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

Institutional investors have recently modified their holdings of the stock. Operose Advisors LLC grew its stake in shares of JPMorgan U.S. Quality Factor ETF by 65.5% during the fourth quarter. Operose Advisors LLC now owns 594 shares of the company’s stock valued at $38,000 after purchasing an additional 235 shares during the last quarter. Lloyd Advisory Services LLC. acquired a new position in JPMorgan U.S. Quality Factor ETF during the 4th quarter worth $39,000. Wealth Watch Advisors INC acquired a new position in JPMorgan U.S. Quality Factor ETF during the 3rd quarter worth $57,000. Smartleaf Asset Management LLC boosted its position in JPMorgan U.S. Quality Factor ETF by 1,782.1% in the 2nd quarter. Smartleaf Asset Management LLC now owns 1,054 shares of the company’s stock valued at $63,000 after buying an additional 998 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new position in JPMorgan U.S. Quality Factor ETF in the 4th quarter valued at $71,000.

JPMorgan U.S. Quality Factor ETF Stock Performance

Shares of NYSEARCA:JQUA opened at $70.70 on Friday. JPMorgan U.S. Quality Factor ETF has a 1-year low of $59.23 and a 1-year high of $72.31. The stock has a market capitalization of $7.95 billion, a price-to-earnings ratio of 23.86 and a beta of 0.91. The company’s fifty day moving average is $68.99 and its two-hundred day moving average is $65.39.

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.