JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) Short Interest Down 28.6% in August

JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) was the target of a significant decline in short interest during the month of August. As of August 15th, there was short interest totaling 38,900 shares, adeclineof28.6% from the July 31st total of 54,500 shares. Based on an average daily volume of 217,600 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 217,600 shares, the short-interest ratio is currently 0.2 days.

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

A number of large investors have recently bought and sold shares of JTEK. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in JPMorgan U.S. Tech Leaders ETF during the first quarter valued at approximately $27,000. Capital Analysts LLC acquired a new position in JPMorgan U.S. Tech Leaders ETF in the 1st quarter valued at about $30,000. Comerica Bank purchased a new position in shares of JPMorgan U.S. Tech Leaders ETF during the 4th quarter worth approximately $38,000. Steph & Co. acquired a new stake in JPMorgan U.S. Tech Leaders ETF during the 1st quarter worth approximately $81,000. Finally, Bank of America Corp DE raised its holdings in shares of JPMorgan U.S. Tech Leaders ETF by 1,810.5% in 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 in the last quarter.

JPMorgan U.S. Tech Leaders ETF Trading Up 1.6%

JTEK traded up $1.42 during trading on Monday, hitting $88.16. 99,354 shares of the company’s stock traded hands, compared to its average volume of 238,226. JPMorgan U.S. Tech Leaders ETF has a 12-month low of $56.40 and a 12-month high of $88.30. The company’s 50 day simple moving average is $84.66 and its two-hundred day simple moving average is $76.91. The stock has a market capitalization of $2.23 billion, a price-to-earnings ratio of 47.07 and a beta of 1.82.

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.