Short Interest in JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) Decreases By 14.5%

JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) was the recipient of a significant decline in short interest in March. As of March 13th, there was short interest totaling 28,485 shares, a decline of 14.5% from the February 26th total of 33,318 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average trading volume of 91,089 shares, the days-to-cover ratio is currently 0.3 days.

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

Several hedge funds have recently modified their holdings of JVAL. Cobblestone Capital Advisors LLC NY boosted its stake in shares of JPMorgan U.S. Value Factor ETF by 1.4% during the third quarter. Cobblestone Capital Advisors LLC NY now owns 1,206,529 shares of the company’s stock valued at $57,310,000 after purchasing an additional 16,604 shares in the last quarter. Captrust Financial Advisors raised its stake in JPMorgan U.S. Value Factor ETF by 23,712.7% in the fourth quarter. Captrust Financial Advisors now owns 1,184,445 shares of the company’s stock worth $58,133,000 after buying an additional 1,179,471 shares in the last quarter. Avidian Wealth Enterprises LLC lifted its holdings in JPMorgan U.S. Value Factor ETF by 4.0% during the fourth quarter. Avidian Wealth Enterprises LLC now owns 1,036,358 shares of the company’s stock worth $50,864,000 after buying an additional 40,175 shares during the period. CWM LLC lifted its holdings in JPMorgan U.S. Value Factor ETF by 1.3% during the fourth quarter. CWM LLC now owns 797,213 shares of the company’s stock worth $39,127,000 after buying an additional 10,268 shares during the period. Finally, Cerity Partners LLC boosted its position in JPMorgan U.S. Value Factor ETF by 1.5% during the 2nd quarter. Cerity Partners LLC now owns 551,676 shares of the company’s stock valued at $24,401,000 after acquiring an additional 7,892 shares in the last quarter.

JPMorgan U.S. Value Factor ETF Stock Up 1.3%

NYSEARCA:JVAL traded up $0.62 during mid-day trading on Tuesday, reaching $48.21. The company’s stock had a trading volume of 4,629 shares, compared to its average volume of 93,561. JPMorgan U.S. Value Factor ETF has a 1 year low of $35.62 and a 1 year high of $52.64. The stock has a fifty day moving average of $50.57 and a 200-day moving average of $49.26. The firm has a market capitalization of $646.01 million, a PE ratio of 16.37 and a beta of 1.00.

JPMorgan U.S. Value Factor ETF Company Profile

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.