JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) Stock Short Interest Report for October

JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) was the recipient of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 121,976 shares, a growth of 264.4% from the September 30th total of 33,476 shares. Approximately 0.7% of the shares of the stock are sold short. Based on an average daily volume of 90,378 shares, the short-interest ratio is currently 1.3 days.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of JVAL. Ameritas Advisory Services LLC bought a new position in JPMorgan U.S. Value Factor ETF in the second quarter worth approximately $645,000. Private Advisor Group LLC raised its stake in JPMorgan U.S. Value Factor ETF by 252.7% in the 1st quarter. Private Advisor Group LLC now owns 48,645 shares of the company’s stock worth $2,377,000 after acquiring an additional 34,853 shares during the last quarter. RFG Advisory LLC acquired a new stake in JPMorgan U.S. Value Factor ETF during the 2nd quarter valued at approximately $831,000. Affinity Wealth LLC grew its holdings in JPMorgan U.S. Value Factor ETF by 4.8% during the second quarter. Affinity Wealth LLC now owns 627,106 shares of the company’s stock worth $36,773,000 after acquiring an additional 28,767 shares during the period. Finally, Retirement Planning Group LLC purchased a new position in shares of JPMorgan U.S. Value Factor ETF during the 3rd quarter valued at approximately $1,019,000.

JPMorgan U.S. Value Factor ETF Stock Performance

Shares of JVAL traded up $0.18 during midday trading on Wednesday, hitting $59.30. 34,380 shares of the company traded hands, compared to its average volume of 69,731. JPMorgan U.S. Value Factor ETF has a 52 week low of $45.91 and a 52 week high of $60.64. The firm has a 50 day moving average of $58.96 and a 200-day moving average of $55.36. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of 16.37 and a beta of 0.96.

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.