JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) Sees Significant Decrease in Short Interest

JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) saw a significant drop in short interest in December. As of December 31st, there was short interest totaling 84,014 shares, a drop of 46.1% from the December 15th total of 155,741 shares. Based on an average daily volume of 159,062 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.2% of the company’s shares are short sold. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 159,062 shares, the days-to-cover ratio is presently 0.5 days.

JPMorgan U.S. Tech Leaders ETF Stock Down 0.4%

JPMorgan U.S. Tech Leaders ETF stock traded down $0.33 during mid-day trading on Thursday, hitting $90.86. 312,736 shares of the company’s stock were exchanged, compared to its average volume of 213,714. The company’s 50 day simple moving average is $90.75 and its 200-day simple moving average is $89.24. The firm has a market capitalization of $3.25 billion, a P/E ratio of 47.07 and a beta of 1.68. JPMorgan U.S. Tech Leaders ETF has a fifty-two week low of $56.40 and a fifty-two week high of $97.86.

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

Several institutional investors have recently modified their holdings of the business. SilverOak Wealth Management LLC raised its stake in shares of JPMorgan U.S. Tech Leaders ETF by 16.6% during the 2nd quarter. SilverOak Wealth Management LLC now owns 124,425 shares of the company’s stock worth $10,509,000 after purchasing an additional 17,751 shares in the last quarter. Guided Capital Wealth Management LLC lifted its position in shares of JPMorgan U.S. Tech Leaders ETF by 21.1% during the 3rd quarter. Guided Capital Wealth Management LLC now owns 45,540 shares of the company’s stock worth $4,188,000 after buying an additional 7,945 shares during the last quarter. Integras Partners LLC lifted its position in shares of JPMorgan U.S. Tech Leaders ETF by 54.0% during the 3rd quarter. Integras Partners LLC now owns 44,911 shares of the company’s stock worth $4,130,000 after buying an additional 15,748 shares during the last quarter. Silver Oak Securities Incorporated boosted its stake in JPMorgan U.S. Tech Leaders ETF by 190.7% in the second quarter. Silver Oak Securities Incorporated now owns 10,363 shares of the company’s stock valued at $875,000 after buying an additional 6,798 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its position in JPMorgan U.S. Tech Leaders ETF by 196.8% in the first quarter. Goldman Sachs Group Inc. now owns 23,069 shares of the company’s stock valued at $1,550,000 after acquiring an additional 15,296 shares during 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. JTEK was launched on Oct 4, 2023 and is issued by JPMorgan Chase.