Short Interest in JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) Declines By 38.2%

JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) was the recipient of a significant decline in short interest in the month of December. As of December 15th, there was short interest totaling 5,921 shares, a decline of 38.2% from the November 30th total of 9,588 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 60,665 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 60,665 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the company are sold short.

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

Several institutional investors have recently added to or reduced their stakes in JVAL. IFP Advisors Inc raised its stake in shares of 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 last quarter. Acropolis Investment Management LLC boosted its holdings in shares of JPMorgan U.S. Value Factor ETF by 2.4% during the 3rd quarter. Acropolis Investment Management LLC now owns 9,885 shares of the company’s stock worth $437,000 after buying an additional 235 shares during the period. Alesco Advisors LLC grew its position in shares of JPMorgan U.S. Value Factor ETF by 3.5% during the 2nd quarter. Alesco Advisors LLC now owns 8,975 shares of the company’s stock worth $397,000 after purchasing an additional 305 shares in the last quarter. Private Advisor Group LLC boosted its position in shares of JPMorgan U.S. Value Factor ETF by 3.4% during the 3rd quarter. Private Advisor Group LLC now owns 13,092 shares of the company’s stock worth $622,000 after acquiring an additional 433 shares in the last quarter. Finally, Auxano Advisors LLC grew its stake in shares of JPMorgan U.S. Value Factor ETF by 10.0% during the third quarter. Auxano Advisors LLC now owns 5,635 shares of the company’s stock worth $268,000 after buying an additional 514 shares during the last quarter.

JPMorgan U.S. Value Factor ETF Stock Performance

Shares of JVAL stock traded up $0.04 during mid-day trading on Friday, hitting $49.78. 17,806 shares of the stock traded hands, compared to its average volume of 70,987. JPMorgan U.S. Value Factor ETF has a twelve month low of $35.62 and a twelve month high of $50.41. The company’s 50-day simple moving average is $48.52 and its 200-day simple moving average is $46.78. The firm has a market cap of $572.47 million, a price-to-earnings ratio of 16.37 and a beta of 1.00.

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.