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

JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) saw a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 68,000 shares, a growth of 132.1% from the October 31st total of 29,300 shares. Based on an average daily volume of 80,400 shares, the short-interest ratio is presently 0.8 days.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in JTEK. Ignite Planners LLC purchased a new stake in shares of JPMorgan U.S. Tech Leaders ETF during the second quarter worth about $376,000. MBL Wealth LLC purchased a new stake in shares of JPMorgan U.S. Tech Leaders ETF during the second quarter worth about $2,431,000. Bank of New York Mellon Corp purchased a new stake in shares of JPMorgan U.S. Tech Leaders ETF during the second quarter worth about $265,000. Commonwealth Equity Services LLC grew its stake in shares of JPMorgan U.S. Tech Leaders ETF by 1,584.3% during the second quarter. Commonwealth Equity Services LLC now owns 81,754 shares of the company’s stock worth $5,661,000 after acquiring an additional 76,900 shares during the last quarter. Finally, Private Wealth Partners LLC grew its stake in shares of JPMorgan U.S. Tech Leaders ETF by 125.1% during the second quarter. Private Wealth Partners LLC now owns 41,075 shares of the company’s stock worth $2,844,000 after acquiring an additional 22,825 shares during the last quarter.

JPMorgan U.S. Tech Leaders ETF Stock Performance

JTEK traded up $0.74 on Friday, hitting $76.80. The company had a trading volume of 57,806 shares, compared to its average volume of 74,004. The stock has a fifty day moving average price of $71.63 and a 200-day moving average price of $68.18. JPMorgan U.S. Tech Leaders ETF has a 12-month low of $54.58 and a 12-month high of $77.80. The stock has a market capitalization of $781.82 million, a price-to-earnings ratio of 47.95 and a beta of 1.82.

JPMorgan U.S. Tech Leaders ETF Company Profile

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.