Short Interest in JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) Declines By 65.4%

JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) was the recipient of a significant decrease in short interest during the month of February. As of February 27th, there was short interest totaling 76,945 shares, a decrease of 65.4% from the February 12th total of 222,642 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 873,158 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 873,158 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s stock are sold short.

JPMorgan U.S. Quality Factor ETF Price Performance

NYSEARCA JQUA opened at $63.29 on Wednesday. JPMorgan U.S. Quality Factor ETF has a fifty-two week low of $49.25 and a fifty-two week high of $64.90. The stock’s 50-day moving average is $63.98 and its two-hundred day moving average is $63.13. The firm has a market cap of $7.50 billion, a P/E ratio of 23.86 and a beta of 0.93.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in JQUA. Florida Financial Advisors LLC lifted its holdings in JPMorgan U.S. Quality Factor ETF by 1.0% in the 4th quarter. Florida Financial Advisors LLC now owns 16,767 shares of the company’s stock worth $1,048,000 after purchasing an additional 161 shares during the last quarter. AE Wealth Management LLC grew its holdings in JPMorgan U.S. Quality Factor ETF by 11.8% during the second quarter. AE Wealth Management LLC now owns 1,777 shares of the company’s stock valued at $107,000 after purchasing an additional 187 shares during the last quarter. Beacon Bridge Wealth Partners LLC raised its position in shares of JPMorgan U.S. Quality Factor ETF by 1.5% in the third quarter. Beacon Bridge Wealth Partners LLC now owns 13,039 shares of the company’s stock valued at $820,000 after purchasing an additional 190 shares during the period. Financial Network Wealth Advisors LLC raised its position in shares of JPMorgan U.S. Quality Factor ETF by 3.7% in the third quarter. Financial Network Wealth Advisors LLC now owns 5,574 shares of the company’s stock valued at $351,000 after purchasing an additional 198 shares during the period. Finally, Stonehaven Wealth & Tax Solutions LLC lifted its stake in shares of JPMorgan U.S. Quality Factor ETF by 1.1% in the second quarter. Stonehaven Wealth & Tax Solutions LLC now owns 20,102 shares of the company’s stock worth $1,207,000 after buying an additional 220 shares during 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.