JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) Short Interest Down 75.5% in August

JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) was the target of a large decrease in short interest in August. As of August 14th, there was short interest totaling 30,882 shares, a decrease of 75.5% from the July 30th total of 125,842 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 209,070 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Farther Finance Advisors LLC acquired a new stake in shares of JPMorgan U.S. Tech Leaders ETF in the 4th quarter valued at $26,000. International Assets Investment Management LLC bought a new position in JPMorgan U.S. Tech Leaders ETF in the fourth quarter valued at about $43,000. Advisory Services Network LLC acquired a new stake in JPMorgan U.S. Tech Leaders ETF in the third quarter worth about $56,000. Comerica Bank raised its holdings in JPMorgan U.S. Tech Leaders ETF by 80.0% during the 4th quarter. Comerica Bank now owns 900 shares of the company’s stock worth $81,000 after purchasing an additional 400 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in JPMorgan U.S. Tech Leaders ETF by 1,810.5% during 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 during the period.

JPMorgan U.S. Tech Leaders ETF Stock Performance

JTEK traded down $1.86 during midday trading on Friday, hitting $100.86. The company had a trading volume of 239,788 shares, compared to its average volume of 298,324. JPMorgan U.S. Tech Leaders ETF has a twelve month low of $75.25 and a twelve month high of $111.82. The company has a market capitalization of $4.39 billion, a PE ratio of 47.07 and a beta of 1.79. The firm’s 50-day simple moving average is $101.18 and its 200-day simple moving average is $95.29.

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.