JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) Short Interest Up 251.4% in December

JPMorgan U.S. Value Factor ETF (NYSEARCA:JVAL) was the target of a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 20,808 shares, a growth of 251.4% from the December 15th total of 5,921 shares. Based on an average daily volume of 23,964 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.2% of the company’s stock are sold short. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 23,964 shares, the days-to-cover ratio is presently 0.9 days.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in JVAL. IFP Advisors Inc raised its stake 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 purchasing an additional 214 shares during the period. Acropolis Investment Management LLC grew its holdings in shares of JPMorgan U.S. Value Factor ETF by 2.4% during the third quarter. Acropolis Investment Management LLC now owns 9,885 shares of the company’s stock worth $437,000 after buying an additional 235 shares in the last quarter. Alesco Advisors LLC raised its position in JPMorgan U.S. Value Factor ETF by 3.5% in the 2nd quarter. Alesco Advisors LLC now owns 8,975 shares of the company’s stock valued at $397,000 after buying an additional 305 shares during the last quarter. Private Advisor Group LLC lifted its stake in JPMorgan U.S. Value Factor ETF by 3.4% in the 3rd quarter. Private Advisor Group LLC now owns 13,092 shares of the company’s stock valued at $622,000 after acquiring an additional 433 shares in the last quarter. Finally, Auxano Advisors LLC boosted its position in JPMorgan U.S. Value Factor ETF by 10.0% during the 3rd quarter. Auxano Advisors LLC now owns 5,635 shares of the company’s stock worth $268,000 after acquiring an additional 514 shares during the last quarter.

JPMorgan U.S. Value Factor ETF Stock Performance

Shares of JVAL stock opened at $50.73 on Thursday. JPMorgan U.S. Value Factor ETF has a 52 week low of $35.62 and a 52 week high of $50.95. The company’s 50 day moving average price is $49.02 and its two-hundred day moving average price is $47.39. The company has a market capitalization of $664.56 million, a P/E 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.