JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) Short Interest Up 501.5% in January

JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) was the target of a significant growth in short interest in January. As of January 15th, there was short interest totaling 125,158 shares, a growth of 501.5% from the December 31st total of 20,808 shares. Based on an average trading volume of 190,510 shares, the short-interest ratio is presently 0.7 days. Currently, 1.0% of the shares of the company are short sold. Currently, 1.0% of the shares of the company are short sold. Based on an average trading volume of 190,510 shares, the short-interest ratio is presently 0.7 days.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CWM LLC increased its position in JPMorgan U.S. Value Factor ETF by 1.3% during the 4th quarter. CWM LLC now owns 797,213 shares of the company’s stock valued at $39,127,000 after purchasing an additional 10,268 shares during the period. Assetmark Inc. increased its stake in shares of JPMorgan U.S. Value Factor ETF by 2,726.5% during the 4th quarter. Assetmark Inc. now owns 961 shares of the company’s stock worth $47,000 after purchasing an additional 927 shares during the last quarter. Mainsail Financial Group LLC raised its position in shares of JPMorgan U.S. Value Factor ETF by 2.0% in the fourth quarter. Mainsail Financial Group LLC now owns 381,712 shares of the company’s stock valued at $18,734,000 after purchasing an additional 7,513 shares during the period. Realta Investment Advisors purchased a new stake in JPMorgan U.S. Value Factor ETF in the 4th quarter worth approximately $29,000. Finally, Marino Stram & Associates LLC bought a new stake in JPMorgan U.S. Value Factor ETF during the fourth quarter valued at approximately $243,000.

JPMorgan U.S. Value Factor ETF Stock Performance

NYSEARCA:JVAL opened at $51.10 on Wednesday. JPMorgan U.S. Value Factor ETF has a fifty-two week low of $35.62 and a fifty-two week high of $51.47. The stock has a fifty day moving average price of $49.61 and a 200-day moving average price of $47.77. The company has a market cap of $651.53 million, a price-to-earnings ratio of 16.37 and a beta of 1.00.

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.