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 large growth in short interest during the month of July. As of July 15th, there was short interest totaling 299,339 shares, a growth of 195.0% from the June 30th total of 101,454 shares. Based on an average daily trading volume, of 376,372 shares, the short-interest ratio is presently 0.8 days. Approximately 0.3% of the shares of the company are short sold.

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

Several large investors have recently made changes to their positions in JQUA. Operose Advisors LLC raised its stake in shares of JPMorgan U.S. Quality Factor ETF by 65.5% during the 4th quarter. Operose Advisors LLC now owns 594 shares of the company’s stock worth $38,000 after purchasing an additional 235 shares during the period. Lloyd Advisory Services LLC. bought a new position in JPMorgan U.S. Quality Factor ETF during the fourth quarter valued at about $39,000. Wealth Watch Advisors INC purchased a new stake in JPMorgan U.S. Quality Factor ETF during the third quarter worth about $57,000. Smartleaf Asset Management LLC increased its holdings in JPMorgan U.S. Quality Factor ETF by 1,782.1% during the second quarter. Smartleaf Asset Management LLC now owns 1,054 shares of the company’s stock worth $63,000 after buying an additional 998 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in JPMorgan U.S. Quality Factor ETF during the fourth quarter worth about $71,000.

JPMorgan U.S. Quality Factor ETF Trading Up 0.3%

Shares of JQUA traded up $0.23 on Tuesday, reaching $72.06. 374,692 shares of the company’s stock traded hands, compared to its average volume of 765,341. The stock has a market cap of $8.19 billion, a PE ratio of 23.86 and a beta of 0.91. The stock’s 50 day simple moving average is $71.15 and its two-hundred day simple moving average is $66.62. JPMorgan U.S. Quality Factor ETF has a 52-week low of $59.46 and a 52-week high of $72.66.

JPMorgan U.S. Quality Factor ETF Company Profile

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.