Short Interest in JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) Expands By 132.1%

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 days-to-cover ratio is currently 0.8 days.

JPMorgan U.S. Tech Leaders ETF Price Performance

Shares of JPMorgan U.S. Tech Leaders ETF stock traded up $0.74 during trading on Friday, reaching $76.80. 57,806 shares of the stock traded hands, compared to its average volume of 74,004. The company 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 has a 52-week low of $54.58 and a 52-week high of $77.80. The business has a fifty day simple moving average of $71.63 and a two-hundred day simple moving average of $68.18.

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

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

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.