JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL – Get Free Report) saw a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 51,422 shares, a decrease of 39.3% from the August 15th total of 84,664 shares. Based on an average daily trading volume, of 99,209 shares, the short-interest ratio is currently 0.5 days. Approximately 0.4% of the shares of the stock are short sold.
JPMorgan U.S. Value Factor ETF Stock Up 1.0%
NYSEARCA JVAL traded up $0.56 during trading on Thursday, hitting $58.92. 39,925 shares of the stock traded hands, compared to its average volume of 69,877. JPMorgan U.S. Value Factor ETF has a 12-month low of $45.91 and a 12-month high of $60.64. The firm has a 50-day simple moving average of $58.92 and a 200-day simple moving average of $55.69. The company has a market capitalization of $851.39 million, a P/E ratio of 16.37 and a beta of 0.96.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. RFG Advisory LLC bought a new stake in JPMorgan U.S. Value Factor ETF in the second quarter worth $831,000. Affinity Wealth LLC lifted its position in JPMorgan U.S. Value Factor ETF by 4.8% during the second quarter. Affinity Wealth LLC now owns 627,106 shares of the company’s stock valued at $36,773,000 after purchasing an additional 28,767 shares during the last quarter. Ameritas Advisory Services LLC bought a new position in JPMorgan U.S. Value Factor ETF during the second quarter valued at $645,000. Kintra Wealth LLC bought a new position in JPMorgan U.S. Value Factor ETF during the second quarter valued at $217,000. Finally, Hopwood Nicholas Hunter purchased a new position in shares of JPMorgan U.S. Value Factor ETF in the 2nd quarter worth $241,000.
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.
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