Short Interest in JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) Drops By 48.7%

JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) was the recipient of a large drop in short interest in January. As of January 31st, there was short interest totalling 12,200 shares, a drop of 48.7% from the January 15th total of 23,800 shares. Based on an average daily trading volume, of 136,600 shares, the short-interest ratio is currently 0.1 days.

JPMorgan U.S. Tech Leaders ETF Stock Up 0.0 %

Shares of NASDAQ JTEK traded up $0.03 during trading on Friday, hitting $84.70. The company had a trading volume of 212,520 shares, compared to its average volume of 180,364. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of 47.95 and a beta of 1.82. The stock has a fifty day simple moving average of $79.55 and a two-hundred day simple moving average of $72.75. JPMorgan U.S. Tech Leaders ETF has a fifty-two week low of $55.66 and a fifty-two week high of $84.81.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Indie Asset Partners LLC raised its holdings in shares of JPMorgan U.S. Tech Leaders ETF by 7.3% during the third quarter. Indie Asset Partners LLC now owns 3,296 shares of the company’s stock valued at $226,000 after acquiring an additional 225 shares during the last quarter. Wagner Wealth Management LLC increased 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 worth $171,000 after purchasing an additional 409 shares in the last quarter. Comerica Bank acquired a new position in JPMorgan U.S. Tech Leaders ETF in the 4th quarter valued at $38,000. Briaud Financial Planning Inc purchased a new position in JPMorgan U.S. Tech Leaders ETF in the 4th quarter valued at $57,000. Finally, HighTower Advisors LLC lifted its holdings in JPMorgan U.S. Tech Leaders ETF by 4.3% in the 4th quarter. HighTower Advisors LLC now owns 19,076 shares of the company’s stock valued at $1,443,000 after purchasing an additional 794 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.