Short Interest in JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) Decreases By 21.5%

JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) was the target of a large decline in short interest during the month of February. As of February 13th, there was short interest totaling 29,037 shares, a decline of 21.5% from the January 29th total of 36,976 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average trading volume of 46,325 shares, the days-to-cover ratio is currently 0.6 days. Based on an average trading volume of 46,325 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.2% of the shares of the stock are short sold.

JPMorgan U.S. Value Factor ETF Stock Down 0.6%

NYSEARCA:JVAL opened at $51.45 on Monday. The stock has a fifty day simple moving average of $50.85 and a 200 day simple moving average of $48.81. The firm has a market capitalization of $689.43 million, a price-to-earnings ratio of 16.37 and a beta of 1.00. JPMorgan U.S. Value Factor ETF has a 1-year low of $35.62 and a 1-year high of $52.64.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. IFP Advisors Inc lifted its position in shares of JPMorgan U.S. Value Factor ETF by 35.0% in the 3rd quarter. IFP Advisors Inc now owns 826 shares of the company’s stock valued at $39,000 after acquiring an additional 214 shares in the last quarter. Acropolis Investment Management LLC raised its stake in 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 valued at $437,000 after purchasing an additional 235 shares during the period. Cary Street Partners Financial LLC lifted its holdings in shares of JPMorgan U.S. Value Factor ETF by 1.0% in the fourth quarter. Cary Street Partners Financial LLC now owns 24,762 shares of the company’s stock valued at $1,215,000 after purchasing an additional 247 shares in the last quarter. Regal Investment Advisors LLC boosted its position in shares of JPMorgan U.S. Value Factor ETF by 2.7% in the fourth quarter. Regal Investment Advisors LLC now owns 12,077 shares of the company’s stock worth $593,000 after buying an additional 312 shares during the period. Finally, Private Advisor Group LLC boosted its position in shares of JPMorgan U.S. Value Factor ETF by 3.4% in the third quarter. Private Advisor Group LLC now owns 13,092 shares of the company’s stock worth $622,000 after buying an additional 433 shares during the period.

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.