Short Interest in JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) Grows By 94.5%

JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) saw a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 82,866 shares, an increase of 94.5% from the May 14th total of 42,595 shares. Approximately 0.6% of the shares of the company are sold short. Based on an average daily trading volume, of 78,312 shares, the short-interest ratio is presently 1.1 days.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Realta Investment Advisors acquired a new position in JPMorgan U.S. Value Factor ETF during the fourth quarter worth approximately $29,000. Whittier Trust Co. of Nevada Inc. acquired a new position in JPMorgan U.S. Value Factor ETF during the first quarter worth approximately $37,000. IFP Advisors Inc increased its position in JPMorgan U.S. Value Factor ETF by 35.0% during the third quarter. IFP Advisors Inc now owns 826 shares of the company’s stock worth $39,000 after buying an additional 214 shares during the period. Greenline Wealth Management LLC acquired a new position in JPMorgan U.S. Value Factor ETF during the fourth quarter worth approximately $44,000. Finally, Western Wealth Management LLC acquired a new position in JPMorgan U.S. Value Factor ETF during the first quarter worth approximately $45,000.

JPMorgan U.S. Value Factor ETF Stock Up 1.1%

JVAL traded up $0.64 during trading on Monday, hitting $58.79. 22,326 shares of the stock were exchanged, compared to its average volume of 73,035. The firm has a market capitalization of $799.54 million, a P/E ratio of 16.37 and a beta of 0.96. JPMorgan U.S. Value Factor ETF has a 1-year low of $42.90 and a 1-year high of $59.20. The stock has a fifty day moving average price of $54.64 and a two-hundred day moving average price of $51.75.

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.