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 increase in short interest during the month of March. As of March 15th, there was short interest totalling 41,000 shares, an increase 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. Currently, 0.3% of the shares of the company are sold short.

Institutional Trading of JPMorgan U.S. Tech Leaders ETF

Large investors have recently modified their holdings of the company. Comerica Bank bought a new position in JPMorgan U.S. Tech Leaders ETF in the 4th quarter worth about $38,000. Briaud Financial Planning Inc bought a new position in JPMorgan U.S. Tech Leaders ETF in the 4th quarter worth approximately $57,000. Bank of America Corp DE increased its position in JPMorgan U.S. Tech Leaders ETF by 1,810.5% in the 4th quarter. Bank of America Corp DE now owns 1,089 shares of the company’s stock valued at $82,000 after acquiring an additional 1,032 shares during the period. Wagner Wealth Management LLC raised its stake in JPMorgan U.S. Tech Leaders ETF by 22.0% during the 4th quarter. Wagner Wealth Management LLC now owns 2,264 shares of the company’s stock valued at $171,000 after acquiring an additional 409 shares in the last quarter. Finally, Mascagni Wealth Management Inc. acquired a new position in JPMorgan U.S. Tech Leaders ETF during the 4th quarter worth $180,000.

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

NASDAQ JTEK traded up $0.73 during trading hours on Tuesday, hitting $67.92. The company had a trading volume of 118,792 shares, compared to its average volume of 228,734. 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 fifty-two week low of $55.66 and a fifty-two week high of $85.28. The business has a fifty day simple moving average of $76.63 and a 200-day simple moving average of $74.95.

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.