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

JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) was the target of a large drop in short interest in August. As of August 14th, there was short interest totaling 116,015 shares, a drop of 64.9% from the July 30th total of 330,900 shares. Based on an average daily volume of 589,145 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Trading of JPMorgan U.S. Quality Factor ETF

A number of institutional investors have recently bought and sold shares of JQUA. Cresset Asset Management LLC increased its holdings in shares of JPMorgan U.S. Quality Factor ETF by 12.5% in the 2nd quarter. Cresset Asset Management LLC now owns 6,696 shares of the company’s stock valued at $402,000 after acquiring an additional 745 shares during the last quarter. Qube Research & Technologies Ltd lifted its stake in JPMorgan U.S. Quality Factor ETF by 16.2% during the second quarter. Qube Research & Technologies Ltd now owns 3,886 shares of the company’s stock worth $233,000 after purchasing an additional 541 shares during the last quarter. Main Street Financial Solutions LLC acquired a new position in JPMorgan U.S. Quality Factor ETF in the second quarter valued at approximately $1,062,000. Betterment LLC boosted its holdings in JPMorgan U.S. Quality Factor ETF by 49.2% in the second quarter. Betterment LLC now owns 8,721 shares of the company’s stock valued at $524,000 after purchasing an additional 2,875 shares in the last quarter. Finally, Raymond James Financial Inc. increased its stake in JPMorgan U.S. Quality Factor ETF by 23.1% in the second quarter. Raymond James Financial Inc. now owns 1,448,388 shares of the company’s stock valued at $86,976,000 after purchasing an additional 271,538 shares during the last quarter.

JPMorgan U.S. Quality Factor ETF Price Performance

Shares of JPMorgan U.S. Quality Factor ETF stock traded down $0.35 during trading on Friday, hitting $74.89. 365,688 shares of the stock were exchanged, compared to its average volume of 725,712. The firm’s 50-day moving average price is $72.81 and its 200 day moving average price is $68.24. The stock has a market cap of $8.52 billion, a price-to-earnings ratio of 23.86 and a beta of 0.90. JPMorgan U.S. Quality Factor ETF has a 12-month low of $59.70 and a 12-month high of $75.64.

About JPMorgan U.S. Quality Factor ETF

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.