JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) Short Interest Update

JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) saw a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 222,642 shares, an increase of 34.0% from the January 29th total of 166,095 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average trading volume of 944,774 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 944,774 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.2% of the company’s shares are short sold.

Institutional Investors Weigh In On JPMorgan U.S. Quality Factor ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Avidian Wealth Enterprises LLC raised its position in shares of JPMorgan U.S. Quality Factor ETF by 2.8% in the third quarter. Avidian Wealth Enterprises LLC now owns 720,681 shares of the company’s stock valued at $45,338,000 after buying an additional 19,436 shares in the last quarter. Hershey Financial Advisers LLC bought a new position in JPMorgan U.S. Quality Factor ETF during the 2nd quarter worth $1,066,000. HighTower Advisors LLC raised its holdings in JPMorgan U.S. Quality Factor ETF by 13.4% in the 3rd quarter. HighTower Advisors LLC now owns 385,333 shares of the company’s stock valued at $24,242,000 after acquiring an additional 45,556 shares in the last quarter. Beacon Pointe Advisors LLC acquired a new stake in shares of JPMorgan U.S. Quality Factor ETF during the 2nd quarter worth $2,308,000. Finally, Able Wealth Management LLC increased its position in shares of JPMorgan U.S. Quality Factor ETF by 50.8% in the third quarter. Able Wealth Management LLC now owns 190,240 shares of the company’s stock worth $11,968,000 after purchasing an additional 64,063 shares during the period.

JPMorgan U.S. Quality Factor ETF Stock Up 0.5%

JPMorgan U.S. Quality Factor ETF stock traded up $0.31 during midday trading on Wednesday, hitting $64.24. 2,087,825 shares of the stock were exchanged, compared to its average volume of 1,017,005. The stock has a market capitalization of $7.61 billion, a PE ratio of 23.86 and a beta of 0.93. The company has a fifty day simple moving average of $64.00 and a two-hundred day simple moving average of $63.05. JPMorgan U.S. Quality Factor ETF has a 52 week low of $49.25 and a 52 week high of $64.90.

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.