JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA) Shares Shorted: Short Interest Up 175.1% in September

by · The Cerbat Gem

JPMorgan U.S. Quality Factor ETF (NYSEARCA:JQUA – Get Free Report) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 348,849 shares, an increase of 175.1% from the August 31st total of 126,804 shares. Based on an average daily volume of 585,560 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.3% of the company’s shares are sold short.

JPMorgan U.S. Quality Factor ETF Stock Down 0.4%

Shares of JQUA stock traded down $0.32 during mid-day trading on Monday, hitting $73.97. 152,757 shares of the company’s stock were exchanged, compared to its average volume of 710,553. JPMorgan U.S. Quality Factor ETF has a fifty-two week low of $59.70 and a fifty-two week high of $75.64. The stock has a 50-day simple moving average of $73.80 and a two-hundred day simple moving average of $69.74. The stock has a market cap of $8.88 billion, a price-to-earnings ratio of 23.86 and a beta of 0.91.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Focus Partners Wealth increased its stake in JPMorgan U.S. Quality Factor ETF by 4,153.5% during the fourth quarter. Focus Partners Wealth now owns 1,368,506 shares of the company’s stock worth $86,462,000 after acquiring an additional 1,336,332 shares during the last quarter. Quadcap Wealth Management LLC raised its stake in shares of JPMorgan U.S. Quality Factor ETF by 2.9% in the 1st quarter. Quadcap Wealth Management LLC now owns 1,245,124 shares of the company’s stock valued at $76,351,000 after purchasing an additional 34,752 shares in the last quarter. RVW Wealth LLC boosted its holdings in JPMorgan U.S. Quality Factor ETF by 3.8% in the second quarter. RVW Wealth LLC now owns 952,795 shares of the company’s stock worth $68,868,000 after purchasing an additional 34,691 shares during the period. Cetera Investment Advisers grew its holdings in shares of JPMorgan U.S. Quality Factor ETF by 41.7% during the first quarter. Cetera Investment Advisers now owns 1,032,474 shares of the company’s stock valued at $63,311,000 after purchasing an additional 303,867 shares during the last quarter. Finally, LVZ Inc. increased its holdings in shares of JPMorgan U.S. Quality Factor ETF by 1.6% in the 1st quarter. LVZ Inc. now owns 1,017,280 shares of the company’s stock worth $62,380,000 after acquiring an additional 15,791 shares during the period.

About JPMorgan U.S. Quality Factor ETF

(Get Free Report)

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.

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