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

JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) was the recipient of a significant growth in short interest during 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. Currently, 0.3% of the company’s shares are short sold. Based on an average daily volume of 214,700 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Comerica Bank bought a new position in JPMorgan U.S. Tech Leaders ETF in the fourth quarter worth about $38,000. Briaud Financial Planning Inc bought a new position in shares of JPMorgan U.S. Tech Leaders ETF in the 4th quarter worth approximately $57,000. Bank of America Corp DE lifted its stake in shares of 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 purchasing an additional 1,032 shares during the period. Wagner Wealth Management LLC boosted its position in shares of JPMorgan U.S. Tech Leaders ETF by 22.0% during the fourth quarter. Wagner Wealth Management LLC now owns 2,264 shares of the company’s stock valued at $171,000 after purchasing an additional 409 shares in the last quarter. Finally, Mascagni Wealth Management Inc. bought a new stake in shares of JPMorgan U.S. Tech Leaders ETF during the fourth quarter valued at approximately $180,000.

JPMorgan U.S. Tech Leaders ETF Price Performance

JTEK traded up $0.82 during trading on Wednesday, hitting $68.74. 119,819 shares of the stock traded hands, compared to its average volume of 226,976. The firm has a market capitalization of $960.99 million, a P/E ratio of 34.27 and a beta of 1.82. The firm has a 50-day moving average of $76.36 and a 200 day moving average of $74.91. JPMorgan U.S. Tech Leaders ETF has a 12-month low of $55.66 and a 12-month high of $85.28.

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.