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

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

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

Several hedge funds and other institutional investors have recently made changes to their positions in JTEK. Wagner Wealth Management LLC raised its stake in shares of 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 valued at $127,000 after purchasing an additional 152 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in JPMorgan U.S. Tech Leaders ETF during the second quarter valued at approximately $265,000. Foundry Financial Group Inc. increased its position in JPMorgan U.S. Tech Leaders ETF by 4.7% in the 3rd quarter. Foundry Financial Group Inc. now owns 98,400 shares of the company’s stock valued at $6,757,000 after acquiring an additional 4,417 shares in the last quarter. Private Advisor Group LLC boosted its position in shares of JPMorgan U.S. Tech Leaders ETF by 125.3% in the 3rd quarter. Private Advisor Group LLC now owns 8,185 shares of the company’s stock worth $562,000 after purchasing an additional 4,552 shares during the last quarter. Finally, Ignite Planners LLC acquired a new stake in JPMorgan U.S. Tech Leaders ETF during the 2nd quarter worth approximately $376,000.

JPMorgan U.S. Tech Leaders ETF Stock Performance

NASDAQ:JTEK traded up $0.14 during mid-day trading on Monday, reaching $70.86. The stock had a trading volume of 8,835 shares, compared to its average volume of 70,801. The business has a 50 day simple moving average of $67.60 and a 200 day simple moving average of $66.34. JPMorgan U.S. Tech Leaders ETF has a twelve month low of $47.19 and a twelve month high of $72.33. The firm has a market capitalization of $708.60 million, a price-to-earnings ratio of 47.95 and a beta of 1.82.

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.