Short Interest in JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) Increases By 164.3%

JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totalling 11,100 shares, an increase of 164.3% from the August 31st total of 4,200 shares. Based on an average daily volume of 104,200 shares, the days-to-cover ratio is currently 0.1 days.

JPMorgan U.S. Tech Leaders ETF Stock Performance

Shares of JTEK opened at $68.47 on Thursday. The firm has a market cap of $580.63 million, a PE ratio of 47.95 and a beta of 1.82. JPMorgan U.S. Tech Leaders ETF has a 52-week low of $46.57 and a 52-week high of $72.33. The business’s 50 day moving average price is $65.06 and its two-hundred day moving average price is $65.77.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Susquehanna International Group LLP increased its stake in JPMorgan U.S. Tech Leaders ETF by 131.6% in the second quarter. Susquehanna International Group LLP now owns 55,549 shares of the company’s stock valued at $3,847,000 after purchasing an additional 31,564 shares in the last quarter. Foundry Financial Group Inc. acquired a new position in JPMorgan U.S. Tech Leaders ETF during the 2nd quarter worth approximately $6,508,000. Envestnet Asset Management Inc. raised its stake in 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 worth $12,817,000 after buying an additional 96,172 shares during the period. Valley Wealth Managers Inc. bought a new position in JPMorgan U.S. Tech Leaders ETF in the second quarter worth approximately $1,786,000. Finally, Private Wealth Partners LLC grew its stake in JPMorgan U.S. Tech Leaders ETF by 125.1% in the second 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 period.

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.