Short Interest in JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) Declines By 35.9%

JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) was the target of a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 63,785 shares, a drop of 35.9% from the July 15th total of 99,574 shares. Based on an average trading volume of 38,570 shares, the days-to-cover ratio is currently 1.7 days. Approximately 0.4% of the shares of the stock are short sold.

JPMorgan U.S. Value Factor ETF Trading Down 0.7%

JVAL stock traded down $0.41 on Tuesday, hitting $59.76. 6,714 shares of the company’s stock traded hands, compared to its average volume of 66,805. The stock has a market cap of $863.53 million, a price-to-earnings ratio of 16.37 and a beta of 0.96. JPMorgan U.S. Value Factor ETF has a 1-year low of $45.40 and a 1-year high of $60.64. The stock has a fifty day moving average of $58.25 and a 200-day moving average of $54.42.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Whittier Trust Co. of Nevada Inc. acquired a new stake in JPMorgan U.S. Value Factor ETF during the first quarter valued at $37,000. IFP Advisors Inc raised its holdings in JPMorgan U.S. Value Factor ETF by 35.0% in the 3rd quarter. IFP Advisors Inc now owns 826 shares of the company’s stock worth $39,000 after acquiring an additional 214 shares during the period. Greenline Wealth Management LLC acquired a new position in shares of JPMorgan U.S. Value Factor ETF during the 4th quarter worth about $44,000. Western Wealth Management LLC bought a new position in JPMorgan U.S. Value Factor ETF during the first quarter worth $45,000. Finally, Assetmark Inc. raised its position in shares of JPMorgan U.S. Value Factor ETF by 2,726.5% during the fourth quarter. Assetmark Inc. now owns 961 shares of the company’s stock valued at $47,000 after buying an additional 927 shares during the last quarter.

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.