JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) Short Interest Update

JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) saw a large drop in short interest in June. As of June 30th, there was short interest totaling 69,053 shares, a drop of 39.4% from the June 15th total of 114,003 shares. Approximately 0.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 45,673 shares, the short-interest ratio is presently 1.5 days.

JPMorgan U.S. Value Factor ETF Stock Performance

NYSEARCA:JVAL traded up $0.12 during mid-day trading on Thursday, reaching $57.95. The stock had a trading volume of 16,468 shares, compared to its average volume of 70,363. The firm has a 50 day moving average price of $57.12 and a two-hundred day moving average price of $53.08. The stock has a market capitalization of $822.89 million, a P/E ratio of 16.37 and a beta of 0.95. JPMorgan U.S. Value Factor ETF has a one year low of $43.88 and a one year high of $59.20.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Western Wealth Management LLC bought a new stake in shares of JPMorgan U.S. Value Factor ETF in the 1st quarter worth approximately $45,000. Bank of America Corp DE grew its holdings in shares of JPMorgan U.S. Value Factor ETF by 4.0% during the 1st quarter. Bank of America Corp DE now owns 559,159 shares of the company’s stock valued at $27,320,000 after purchasing an additional 21,394 shares during the last quarter. Royal Bank of Canada grew its holdings in shares of JPMorgan U.S. Value Factor ETF by 71.8% during the 1st quarter. Royal Bank of Canada now owns 31,692 shares of the company’s stock valued at $1,549,000 after purchasing an additional 13,243 shares during the last quarter. Gateway Wealth Partners LLC raised its position in JPMorgan U.S. Value Factor ETF by 113.4% in the 1st quarter. Gateway Wealth Partners LLC now owns 44,672 shares of the company’s stock worth $2,183,000 after purchasing an additional 23,738 shares during the period. Finally, Geneos Wealth Management Inc. raised its position in JPMorgan U.S. Value Factor ETF by 22.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 3,180 shares of the company’s stock worth $155,000 after purchasing an additional 581 shares during the period.

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.