JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) Short Interest Up 23.1% in March

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

JPMorgan U.S. Tech Leaders ETF Stock Performance

Shares of JTEK traded up $0.82 during mid-day trading on Wednesday, reaching $68.74. The company had a trading volume of 119,819 shares, compared to its average volume of 226,976. The firm has a 50-day moving average price of $76.36 and a 200 day moving average price of $74.91. The company has a market capitalization of $960.99 million, a price-to-earnings ratio of 34.27 and a beta of 1.82. JPMorgan U.S. Tech Leaders ETF has a 52 week low of $55.66 and a 52 week high of $85.28.

Hedge Funds Weigh In On JPMorgan U.S. Tech Leaders ETF

Hedge funds have recently bought and sold shares of the company. Comerica Bank bought a new stake in JPMorgan U.S. Tech Leaders ETF during the 4th quarter valued at about $38,000. Briaud Financial Planning Inc bought a new position in JPMorgan U.S. Tech Leaders ETF in the 4th quarter valued at approximately $57,000. Bank of America Corp DE boosted its stake in JPMorgan U.S. Tech Leaders ETF by 1,810.5% during 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 last quarter. Wagner Wealth Management LLC increased its holdings in shares of JPMorgan U.S. Tech Leaders ETF by 22.0% in the 4th quarter. Wagner Wealth Management LLC now owns 2,264 shares of the company’s stock worth $171,000 after purchasing an additional 409 shares in the last quarter. Finally, Mascagni Wealth Management Inc. purchased a new position in shares of JPMorgan U.S. Tech Leaders ETF in the fourth quarter worth $180,000.

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.