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

JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) was the recipient of a large drop in short interest during the month of February. As of February 13th, there was short interest totaling 37,310 shares, a drop of 55.7% from the January 29th total of 84,154 shares. Based on an average daily volume of 444,191 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are sold short. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 444,191 shares, the days-to-cover ratio is presently 0.1 days.

JPMorgan U.S. Tech Leaders ETF Stock Performance

Shares of NASDAQ:JTEK traded down $0.77 during trading on Friday, reaching $84.20. The stock had a trading volume of 664,830 shares, compared to its average volume of 313,191. The firm’s fifty day moving average is $88.44 and its 200 day moving average is $89.65. JPMorgan U.S. Tech Leaders ETF has a 52 week low of $56.40 and a 52 week high of $97.86. The stock has a market cap of $3.15 billion, a price-to-earnings ratio of 47.07 and a beta of 1.68.

Institutional Trading of JPMorgan U.S. Tech Leaders ETF

A number of large investors have recently bought and sold shares of the business. Private Wealth Partners LLC grew its stake in JPMorgan U.S. Tech Leaders ETF by 1.2% during the third quarter. Private Wealth Partners LLC now owns 17,545 shares of the company’s stock worth $1,614,000 after purchasing an additional 200 shares during the period. Bank of America Corp DE boosted its holdings in shares of JPMorgan U.S. Tech Leaders ETF by 1.5% during the 3rd quarter. Bank of America Corp DE now owns 15,160 shares of the company’s stock worth $1,394,000 after buying an additional 230 shares in the last quarter. Comprehensive Financial Planning Inc. PA grew its holdings in JPMorgan U.S. Tech Leaders ETF by 97.5% in the third quarter. Comprehensive Financial Planning Inc. PA now owns 476 shares of the company’s stock worth $44,000 after purchasing an additional 235 shares during the period. Mattern Capital Management LLC raised its holdings in shares of JPMorgan U.S. Tech Leaders ETF by 5.7% during the fourth quarter. Mattern Capital Management LLC now owns 4,730 shares of the company’s stock valued at $426,000 after purchasing an additional 255 shares during the period. Finally, Archford Capital Strategies LLC boosted its position in shares of JPMorgan U.S. Tech Leaders ETF by 2.4% during the 4th quarter. Archford Capital Strategies LLC now owns 11,394 shares of the company’s stock worth $1,026,000 after purchasing an additional 264 shares in the last quarter.

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. JTEK was launched on Oct 4, 2023 and is issued by JPMorgan Chase.