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

JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) was the recipient of a significant increase in short interest in January. As of January 15th, there was short interest totaling 127,100 shares, an increase of 51.3% from the December 31st total of 84,014 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 211,968 shares, the short-interest ratio is currently 0.6 days. Based on an average daily trading volume, of 211,968 shares, the short-interest ratio is currently 0.6 days. Approximately 0.3% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SilverOak Wealth Management LLC grew its position in JPMorgan U.S. Tech Leaders ETF by 16.6% during the second quarter. SilverOak Wealth Management LLC now owns 124,425 shares of the company’s stock valued at $10,509,000 after buying an additional 17,751 shares during the period. Guided Capital Wealth Management LLC boosted its stake 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 acquiring an additional 7,945 shares during the last quarter. Integras Partners LLC grew 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 valued at $4,130,000 after acquiring an additional 15,748 shares during the period. CWM LLC bought a new stake in shares of JPMorgan U.S. Tech Leaders ETF during the 2nd quarter valued at $110,000. Finally, BLVD Private Wealth LLC purchased a new stake in shares of JPMorgan U.S. Tech Leaders ETF in the 2nd quarter worth $1,951,000.

JPMorgan U.S. Tech Leaders ETF Price Performance

Shares of JPMorgan U.S. Tech Leaders ETF stock traded down $2.39 during trading on Friday, hitting $88.05. 273,416 shares of the company’s stock traded hands, compared to its average volume of 241,561. JPMorgan U.S. Tech Leaders ETF has a 1 year low of $56.40 and a 1 year high of $97.86. The business has a 50-day simple moving average of $90.91 and a 200-day simple moving average of $89.75. The stock has a market capitalization of $3.27 billion, a P/E ratio of 47.07 and a beta of 1.68.

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.