Short Interest in JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) Increases By 23.1%

JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) was the recipient of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 41,000 shares, a growth of 23.1% from the February 28th total of 33,300 shares. Based on an average daily trading volume, of 214,700 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.3% of the shares of the company are short sold.

JPMorgan U.S. Tech Leaders ETF Stock Up 1.1 %

JPMorgan U.S. Tech Leaders ETF stock traded up $0.73 on Tuesday, hitting $67.92. The company’s stock had a trading volume of 118,792 shares, compared to its average volume of 228,734. The company has a fifty day moving average price of $76.63 and a 200-day moving average price of $74.95. The firm has a market cap of $949.52 million, a P/E ratio of 34.27 and a beta of 1.82. JPMorgan U.S. Tech Leaders ETF has a one year low of $55.66 and a one year high of $85.28.

Institutional Trading of JPMorgan U.S. Tech Leaders ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mascagni Wealth Management Inc. bought a new position in JPMorgan U.S. Tech Leaders ETF during the fourth quarter worth about $180,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of JPMorgan U.S. Tech Leaders ETF in the 4th quarter worth approximately $1,377,000. Bank of America Corp DE lifted its position in shares of JPMorgan U.S. Tech Leaders ETF by 1,810.5% during the 4th quarter. Bank of America Corp DE now owns 1,089 shares of the company’s stock worth $82,000 after buying an additional 1,032 shares during the period. Jane Street Group LLC boosted its stake in JPMorgan U.S. Tech Leaders ETF by 58.8% in the 4th quarter. Jane Street Group LLC now owns 9,675 shares of the company’s stock valued at $732,000 after buying an additional 3,582 shares in the last quarter. Finally, Triumph Capital Management bought a new stake in JPMorgan U.S. Tech Leaders ETF in the fourth quarter valued at $872,000.

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.