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

JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) was the recipient of a large 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 trading volume, of 80,400 shares, the short-interest ratio is presently 0.8 days.

JPMorgan U.S. Tech Leaders ETF Price Performance

Shares of NASDAQ JTEK traded up $0.74 during midday trading on Friday, reaching $76.80. The company’s stock had a trading volume of 57,806 shares, compared to its average volume of 74,004. JPMorgan U.S. Tech Leaders ETF has a 12-month low of $54.58 and a 12-month high of $77.80. The firm has a 50 day moving average price of $71.63 and a 200-day moving average price of $68.18. The stock has a market capitalization of $781.82 million, a P/E ratio of 47.95 and a beta of 1.82.

Institutional Investors Weigh In On JPMorgan U.S. Tech Leaders ETF

Hedge funds have recently modified their holdings of the stock. Wagner Wealth Management LLC raised its holdings in shares of JPMorgan U.S. Tech Leaders ETF by 8.9% in the 3rd quarter. Wagner Wealth Management LLC now owns 1,855 shares of the company’s stock worth $127,000 after purchasing an additional 152 shares during the period. Sanctuary Advisors LLC bought a new stake in shares of JPMorgan U.S. Tech Leaders ETF in the 3rd quarter worth approximately $193,000. Indie Asset Partners LLC raised its holdings in shares of JPMorgan U.S. Tech Leaders ETF by 7.3% in the 3rd quarter. Indie Asset Partners LLC now owns 3,296 shares of the company’s stock worth $226,000 after purchasing an additional 225 shares during the period. World Investment Advisors LLC bought a new stake in shares of JPMorgan U.S. Tech Leaders ETF in the 3rd quarter worth approximately $251,000. Finally, Bank of New York Mellon Corp bought a new stake in JPMorgan U.S. Tech Leaders ETF during the 2nd quarter valued at $265,000.

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.