Short Interest in JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) Drops By 65.4%

JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) was the recipient of a significant drop in short interest in the month of February. As of February 27th, there was short interest totaling 76,945 shares, a drop of 65.4% from the February 12th total of 222,642 shares. Based on an average daily trading volume, of 873,158 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are sold short. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 873,158 shares, the short-interest ratio is currently 0.1 days.

JPMorgan U.S. Quality Factor ETF Stock Performance

Shares of JQUA traded down $0.15 during midday trading on Friday, hitting $62.18. 1,193,043 shares of the stock traded hands, compared to its average volume of 1,027,085. The business’s 50 day moving average price is $63.95 and its two-hundred day moving average price is $63.13. The firm has a market capitalization of $7.37 billion, a PE ratio of 23.86 and a beta of 0.93. JPMorgan U.S. Quality Factor ETF has a 1-year low of $49.25 and a 1-year high of $64.90.

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

A number of hedge funds have recently made changes to their positions in the business. Florida Financial Advisors LLC increased its position in JPMorgan U.S. Quality Factor ETF by 1.0% in the 4th quarter. Florida Financial Advisors LLC now owns 16,767 shares of the company’s stock valued at $1,048,000 after acquiring an additional 161 shares during the period. AE Wealth Management LLC raised its stake in shares of JPMorgan U.S. Quality Factor ETF by 11.8% during the second quarter. AE Wealth Management LLC now owns 1,777 shares of the company’s stock valued at $107,000 after purchasing an additional 187 shares in the last quarter. Beacon Bridge Wealth Partners LLC grew its position in JPMorgan U.S. Quality Factor ETF by 1.5% in the 3rd quarter. Beacon Bridge Wealth Partners LLC now owns 13,039 shares of the company’s stock valued at $820,000 after buying an additional 190 shares in the last quarter. Financial Network Wealth Advisors LLC raised its position in shares of JPMorgan U.S. Quality Factor ETF by 3.7% during the 3rd quarter. Financial Network Wealth Advisors LLC now owns 5,574 shares of the company’s stock worth $351,000 after buying an additional 198 shares in the last quarter. Finally, Stonehaven Wealth & Tax Solutions LLC lifted its stake in shares of JPMorgan U.S. Quality Factor ETF by 1.1% in the 2nd quarter. Stonehaven Wealth & Tax Solutions LLC now owns 20,102 shares of the company’s stock worth $1,207,000 after acquiring an additional 220 shares during the period.

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.