JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) Sees Significant Increase in Short Interest

JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) saw a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 125,158 shares, a growth of 501.5% from the December 31st total of 20,808 shares. Currently, 1.0% of the company’s shares are sold short. Based on an average daily trading volume, of 190,510 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily trading volume, of 190,510 shares, the days-to-cover ratio is currently 0.7 days. Currently, 1.0% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. IFP Advisors Inc bought a new position in JPMorgan U.S. Value Factor ETF in the 2nd quarter worth $27,000. Realta Investment Advisors acquired a new stake in shares of JPMorgan U.S. Value Factor ETF in the fourth quarter valued at approximately $29,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of JPMorgan U.S. Value Factor ETF during the 2nd quarter worth approximately $35,000. Assetmark Inc. grew its position in shares of JPMorgan U.S. Value Factor ETF by 2,726.5% during the 4th quarter. Assetmark Inc. now owns 961 shares of the company’s stock worth $47,000 after buying an additional 927 shares during the period. Finally, First Horizon Corp bought a new stake in shares of JPMorgan U.S. Value Factor ETF in the third quarter worth about $55,000.

JPMorgan U.S. Value Factor ETF Trading Up 0.1%

NYSEARCA:JVAL opened at $51.10 on Wednesday. JPMorgan U.S. Value Factor ETF has a twelve month low of $35.62 and a twelve month high of $51.47. The firm has a market capitalization of $651.53 million, a price-to-earnings ratio of 16.37 and a beta of 1.00. The firm’s fifty day simple moving average is $49.61 and its 200 day simple moving average is $47.77.

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.