JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) Short Interest Update

JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) saw a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 14,600 shares, an increase of 105.6% from the September 30th total of 7,100 shares. Based on an average daily trading volume, of 92,700 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On JPMorgan U.S. Tech Leaders ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Wagner Wealth Management LLC increased its position in JPMorgan U.S. Tech Leaders ETF by 8.9% during the third quarter. Wagner Wealth Management LLC now owns 1,855 shares of the company’s stock worth $127,000 after acquiring an additional 152 shares during the period. Bank of New York Mellon Corp acquired a new position in shares of JPMorgan U.S. Tech Leaders ETF during the 2nd quarter worth approximately $265,000. Foundry Financial Group Inc. increased its holdings in shares of JPMorgan U.S. Tech Leaders ETF by 4.7% during the third quarter. Foundry Financial Group Inc. now owns 98,400 shares of the company’s stock worth $6,757,000 after purchasing an additional 4,417 shares during the period. Private Advisor Group LLC raised its position in shares of JPMorgan U.S. Tech Leaders ETF by 125.3% in the third quarter. Private Advisor Group LLC now owns 8,185 shares of the company’s stock valued at $562,000 after buying an additional 4,552 shares in the last quarter. Finally, Ignite Planners LLC bought a new stake in shares of JPMorgan U.S. Tech Leaders ETF in the second quarter valued at approximately $376,000.

JPMorgan U.S. Tech Leaders ETF Stock Performance

JTEK traded up $0.03 on Monday, reaching $70.75. The company had a trading volume of 13,827 shares, compared to its average volume of 70,825. The stock has a market cap of $707.50 million, a P/E ratio of 47.95 and a beta of 1.82. JPMorgan U.S. Tech Leaders ETF has a fifty-two week low of $47.19 and a fifty-two week high of $72.33. The company’s fifty day moving average is $67.60 and its 200 day moving average is $66.34.

About JPMorgan U.S. Tech Leaders ETF

The JPMorgan U.S. Tech Leaders ETF JPMorgan U.S. Tech Leaders ETF (JTEK) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund that identifies US equities that are perceived as leaders in technology and technology-enabled industries such as engineering & construction, entertainment, biotechnology, pharmaceuticals, REITs, and energy-alternate sources.