Short Interest in JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) Rises By 243.3%

JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUAGet Free Report) was the recipient of a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 101,454 shares, a growth of 243.3% from the June 15th total of 29,556 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 434,486 shares, the days-to-cover ratio is presently 0.2 days.

JPMorgan U.S. Quality Factor ETF Stock Performance

Shares of JQUA opened at $72.48 on Monday. The company’s fifty day moving average is $70.27 and its 200 day moving average is $66.00. JPMorgan U.S. Quality Factor ETF has a fifty-two week low of $59.23 and a fifty-two week high of $72.66. The stock has a market capitalization of $8.19 billion, a PE ratio of 23.86 and a beta of 0.91.

Hedge Funds Weigh In On JPMorgan U.S. Quality Factor ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Savant Capital LLC increased its holdings in shares of JPMorgan U.S. Quality Factor ETF by 10.8% in the 4th quarter. Savant Capital LLC now owns 10,256,962 shares of the company’s stock worth $648,035,000 after buying an additional 996,453 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of JPMorgan U.S. Quality Factor ETF by 1.2% in the 4th quarter. Signaturefd LLC now owns 5,453,982 shares of the company’s stock valued at $344,583,000 after acquiring an additional 66,385 shares during the last quarter. Morgan Stanley grew its position in JPMorgan U.S. Quality Factor ETF by 11.0% in the fourth quarter. Morgan Stanley now owns 2,960,267 shares of the company’s stock worth $187,030,000 after acquiring an additional 293,117 shares in the last quarter. Sage Mountain Advisors LLC grew its position in JPMorgan U.S. Quality Factor ETF by 1.7% in the fourth quarter. Sage Mountain Advisors LLC now owns 2,939,552 shares of the company’s stock worth $185,721,000 after acquiring an additional 50,109 shares in the last quarter. Finally, Raymond James Financial Inc. increased its stake in JPMorgan U.S. Quality Factor ETF by 16.8% during the third quarter. Raymond James Financial Inc. now owns 1,691,928 shares of the company’s stock worth $106,439,000 after acquiring an additional 243,540 shares during the last quarter.

JPMorgan U.S. Quality Factor ETF Company Profile

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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.

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