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

JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) was the recipient of a significant decline in short interest in July. As of July 31st, there was short interest totaling 63,785 shares, a decline of 35.9% from the July 15th total of 99,574 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 38,570 shares, the short-interest ratio is presently 1.7 days.

JPMorgan U.S. Value Factor ETF Stock Up 0.4%

Shares of JVAL stock traded up $0.22 during mid-day trading on Wednesday, reaching $59.80. The company’s stock had a trading volume of 41,426 shares, compared to its average volume of 69,893. The company’s 50 day simple moving average is $58.30 and its 200-day simple moving average is $54.48. JPMorgan U.S. Value Factor ETF has a 12-month low of $45.40 and a 12-month high of $60.64. The firm has a market capitalization of $864.11 million, a PE ratio of 16.37 and a beta of 0.96.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in JVAL. Private Advisor Group LLC lifted its position in shares of JPMorgan U.S. Value Factor ETF by 252.7% during the first quarter. Private Advisor Group LLC now owns 48,645 shares of the company’s stock worth $2,377,000 after purchasing an additional 34,853 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in JPMorgan U.S. Value Factor ETF by 29.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 104,835 shares of the company’s stock valued at $5,145,000 after purchasing an additional 23,903 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in JPMorgan U.S. Value Factor ETF by 34.0% during the 4th quarter. Thrivent Financial for Lutherans now owns 436,091 shares of the company’s stock valued at $21,582,000 after purchasing an additional 110,666 shares in the last quarter. Bank of America Corp DE increased its stake in JPMorgan U.S. Value Factor ETF by 4.0% during the 1st quarter. Bank of America Corp DE now owns 559,159 shares of the company’s stock worth $27,320,000 after buying an additional 21,394 shares during the period. Finally, Goodman Advisory Group LLC acquired a new position in JPMorgan U.S. Value Factor ETF in the 4th quarter worth $19,545,000.

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.