Short Interest in JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) Increases By 195.0%

JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) was the recipient of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 299,339 shares, a growth of 195.0% from the June 30th total of 101,454 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 376,372 shares, the days-to-cover ratio is currently 0.8 days.

JPMorgan U.S. Quality Factor ETF Price Performance

Shares of JPMorgan U.S. Quality Factor ETF stock traded up $0.32 during trading on Monday, hitting $71.71. 156,681 shares of the company’s stock traded hands, compared to its average volume of 766,740. The company has a market cap of $8.15 billion, a PE ratio of 23.86 and a beta of 0.91. The firm’s fifty day moving average price is $71.08 and its 200 day moving average price is $66.57. JPMorgan U.S. Quality Factor ETF has a twelve month low of $59.46 and a twelve month high of $72.66.

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

Hedge funds have recently modified their holdings of the stock. Savant Capital LLC boosted its stake in JPMorgan U.S. Quality Factor ETF by 10.8% in the 4th quarter. Savant Capital LLC now owns 10,256,962 shares of the company’s stock valued at $648,035,000 after buying an additional 996,453 shares in the last quarter. Signaturefd LLC raised its stake in JPMorgan U.S. Quality Factor ETF by 1.2% during the fourth quarter. Signaturefd LLC now owns 5,453,982 shares of the company’s stock worth $344,583,000 after acquiring an additional 66,385 shares in the last quarter. Morgan Stanley raised its stake in JPMorgan U.S. Quality Factor ETF by 11.0% during the fourth quarter. Morgan Stanley now owns 2,960,267 shares of the company’s stock worth $187,030,000 after acquiring an additional 293,117 shares in the last quarter. Sage Mountain Advisors LLC lifted its holdings in shares of JPMorgan U.S. Quality Factor ETF by 1.7% during the fourth quarter. Sage Mountain Advisors LLC now owns 2,939,552 shares of the company’s stock valued at $185,721,000 after acquiring an additional 50,109 shares during the period. Finally, Raymond James Financial Inc. lifted its holdings in shares of JPMorgan U.S. Quality Factor ETF by 16.8% during the third quarter. Raymond James Financial Inc. now owns 1,691,928 shares of the company’s stock valued at $106,439,000 after acquiring an additional 243,540 shares during the period.

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.