JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) Short Interest Up 148.9% in March

JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) was the recipient of a large increase in short interest in March. As of March 31st, there was short interest totaling 298,319 shares, an increase of 148.9% from the March 15th total of 119,834 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average daily volume of 1,041,509 shares, the days-to-cover ratio is currently 0.3 days.

JPMorgan U.S. Quality Factor ETF Stock Performance

JQUA opened at $63.78 on Tuesday. The firm has a 50 day moving average price of $63.00 and a 200 day moving average price of $63.10. The company has a market cap of $7.14 billion, a PE ratio of 23.86 and a beta of 0.91. JPMorgan U.S. Quality Factor ETF has a 1 year low of $51.76 and a 1 year high of $64.90.

Institutional Trading of JPMorgan U.S. Quality Factor ETF

A number of institutional investors and hedge funds have recently bought and sold shares of JQUA. Focus Partners Wealth increased its position in JPMorgan U.S. Quality Factor ETF by 4,153.5% during the 4th quarter. Focus Partners Wealth now owns 1,368,506 shares of the company’s stock worth $86,462,000 after purchasing an additional 1,336,332 shares in the last quarter. Savant Capital LLC increased its position in JPMorgan U.S. Quality Factor ETF by 10.8% during the 4th quarter. Savant Capital LLC now owns 10,256,962 shares of the company’s stock worth $648,035,000 after purchasing an additional 996,453 shares in the last quarter. Hughes Financial Services LLC increased its position in JPMorgan U.S. Quality Factor ETF by 15,645.5% during the 4th quarter. Hughes Financial Services LLC now owns 876,395 shares of the company’s stock worth $55,371,000 after purchasing an additional 870,829 shares in the last quarter. UMB Bank n.a. grew its position in JPMorgan U.S. Quality Factor ETF by 4,731.9% in the fourth quarter. UMB Bank n.a. now owns 750,679 shares of the company’s stock valued at $47,428,000 after acquiring an additional 735,143 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in JPMorgan U.S. Quality Factor ETF by 53.0% in the third quarter. JPMorgan Chase & Co. now owns 2,027,896 shares of the company’s stock valued at $127,575,000 after acquiring an additional 702,461 shares in the last quarter.

About JPMorgan U.S. Quality Factor ETF

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.