JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) Short Interest Up 132.1% in November

JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) was the target of a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 68,000 shares, a growth of 132.1% from the October 31st total of 29,300 shares. Based on an average daily volume of 80,400 shares, the short-interest ratio is presently 0.8 days.

JPMorgan U.S. Tech Leaders ETF Stock Performance

Shares of JTEK traded up $0.74 on Friday, hitting $76.80. 57,806 shares of the stock traded hands, compared to its average volume of 74,004. JPMorgan U.S. Tech Leaders ETF has a one year low of $54.58 and a one year high of $77.80. The business has a 50 day simple moving average of $71.63 and a 200 day simple moving average of $68.18. The company has a market capitalization of $781.82 million, a PE ratio of 47.95 and a beta of 1.82.

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

Hedge funds have recently made changes to their positions in the business. Envestnet Asset Management Inc. grew its position in JPMorgan U.S. Tech Leaders ETF by 108.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 185,089 shares of the company’s stock valued at $12,817,000 after acquiring an additional 96,172 shares during the last quarter. Vertex Planning Partners LLC increased its position in shares of JPMorgan U.S. Tech Leaders ETF by 1.6% during the third quarter. Vertex Planning Partners LLC now owns 109,028 shares of the company’s stock worth $7,487,000 after acquiring an additional 1,684 shares during the period. Foundry Financial Group Inc. increased its position in shares of JPMorgan U.S. Tech Leaders ETF by 4.7% during the third quarter. Foundry Financial Group Inc. now owns 98,400 shares of the company’s stock worth $6,757,000 after acquiring an additional 4,417 shares during the period. Commonwealth Equity Services LLC raised its holdings in shares of JPMorgan U.S. Tech Leaders ETF by 1,584.3% in the second quarter. Commonwealth Equity Services LLC now owns 81,754 shares of the company’s stock valued at $5,661,000 after acquiring an additional 76,900 shares in the last quarter. Finally, Hartford Financial Management Inc. raised its holdings in shares of JPMorgan U.S. Tech Leaders ETF by 3.0% in the 3rd quarter. Hartford Financial Management Inc. now owns 62,922 shares of the company’s stock valued at $4,321,000 after purchasing an additional 1,824 shares in the last quarter.

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.