JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) Sees Significant Increase in Short Interest

JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) was the recipient of a large growth in short interest during the month of 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 trading volume of 92,700 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Envestnet Asset Management Inc. boosted its position in shares of JPMorgan U.S. Tech Leaders ETF by 108.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 185,089 shares of the company’s stock valued at $12,817,000 after acquiring an additional 96,172 shares during the last quarter. Private Wealth Partners LLC boosted its position in shares of JPMorgan U.S. Tech Leaders ETF by 125.1% during the 2nd quarter. Private Wealth Partners LLC now owns 41,075 shares of the company’s stock valued at $2,844,000 after acquiring an additional 22,825 shares during the last quarter. Commonwealth Equity Services LLC raised its holdings 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 valued at $5,661,000 after buying an additional 76,900 shares during the period. Susquehanna International Group LLP raised its holdings in JPMorgan U.S. Tech Leaders ETF by 131.6% during the 2nd quarter. Susquehanna International Group LLP now owns 55,549 shares of the company’s stock valued at $3,847,000 after buying an additional 31,564 shares during the period. Finally, MBL Wealth LLC purchased a new stake in JPMorgan U.S. Tech Leaders ETF during the 2nd quarter valued at $2,431,000.

JPMorgan U.S. Tech Leaders ETF Price Performance

Shares of NASDAQ JTEK traded up $0.59 during midday trading on Friday, reaching $70.72. 41,445 shares of the stock traded hands, compared to its average volume of 71,101. The stock has a market capitalization of $707.20 million, a PE ratio of 47.95 and a beta of 1.82. JPMorgan U.S. Tech Leaders ETF has a one year low of $46.57 and a one year high of $72.33. The company’s 50 day moving average is $67.60 and its 200 day moving average is $66.34.

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.