JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) Short Interest Down 71.8% in August

JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) was the recipient of a large decrease in short interest during the month of August. As of August 31st, there was short interest totalling 4,200 shares, a decrease of 71.8% from the August 15th total of 14,900 shares. Based on an average daily volume of 97,200 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Trading of JPMorgan U.S. Tech Leaders ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JTEK. Envestnet Asset Management Inc. increased its holdings in JPMorgan U.S. Tech Leaders ETF by 108.2% during the second quarter. Envestnet Asset Management Inc. now owns 185,089 shares of the company’s stock valued at $12,817,000 after buying an additional 96,172 shares during the last quarter. Foundry Financial Group Inc. purchased a new stake in JPMorgan U.S. Tech Leaders ETF during the second quarter valued at approximately $6,508,000. Commonwealth Equity Services LLC increased its holdings in JPMorgan U.S. Tech Leaders ETF by 1,584.3% during the second 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 last quarter. MBL Wealth LLC purchased a new stake in JPMorgan U.S. Tech Leaders ETF during the second quarter valued at approximately $2,431,000. Finally, Susquehanna International Group LLP increased its holdings in JPMorgan U.S. Tech Leaders ETF by 131.6% during the second 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 last quarter.

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

NASDAQ JTEK traded up $0.69 during trading hours on Thursday, hitting $65.96. 60,459 shares of the company’s stock traded hands, compared to its average volume of 69,565. JPMorgan U.S. Tech Leaders ETF has a 52 week low of $46.57 and a 52 week high of $72.33. The firm has a market capitalization of $559.34 million, a P/E ratio of 47.95 and a beta of 1.82. The business’s fifty day moving average price is $65.83 and its two-hundred day moving average price is $65.71.

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.