JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) Sees Large Growth in Short Interest

JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) was the recipient of a significant growth in short interest in July. As of July 31st, there was short interest totaling 398,700 shares, agrowthof55.7% from the July 15th total of 256,000 shares. Based on an average trading volume of 735,900 shares, the days-to-cover ratio is currently 0.5 days. Approximately0.4% of the company’s stock are short sold. Approximately0.4% of the company’s stock are short sold. Based on an average trading volume of 735,900 shares, the days-to-cover ratio is currently 0.5 days.

JPMorgan U.S. Quality Factor ETF Price Performance

Shares of NYSEARCA:JQUA opened at $61.29 on Thursday. JPMorgan U.S. Quality Factor ETF has a 1-year low of $49.25 and a 1-year high of $61.88. The business has a fifty day moving average price of $60.31 and a 200-day moving average price of $58.35. The company has a market capitalization of $6.97 billion, a PE ratio of 23.86 and a beta of 0.92.

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

Several institutional investors have recently modified their holdings of JQUA. Savant Capital LLC boosted its position in shares of JPMorgan U.S. Quality Factor ETF by 14.7% during the second quarter. Savant Capital LLC now owns 8,382,025 shares of the company’s stock valued at $503,341,000 after buying an additional 1,072,456 shares during the last quarter. LPL Financial LLC boosted its position in shares of JPMorgan U.S. Quality Factor ETF by 17.8% during the first quarter. LPL Financial LLC now owns 4,388,159 shares of the company’s stock valued at $247,799,000 after buying an additional 661,733 shares during the last quarter. LVZ Inc. purchased a new stake in shares of JPMorgan U.S. Quality Factor ETF during the first quarter valued at $36,901,000. Facet Wealth Inc. boosted its position in shares of JPMorgan U.S. Quality Factor ETF by 227.7% during the first quarter. Facet Wealth Inc. now owns 938,130 shares of the company’s stock valued at $53,417,000 after buying an additional 651,818 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of JPMorgan U.S. Quality Factor ETF during the fourth quarter valued at $36,237,000.

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.