JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) Short Interest Update

JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) saw a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 62,334 shares, a growth of 101.8% from the August 15th total of 30,882 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 239,266 shares, the days-to-cover ratio is currently 0.3 days.

JPMorgan U.S. Tech Leaders ETF Price Performance

JTEK traded up $0.41 during midday trading on Monday, reaching $99.94. 189,608 shares of the company’s stock traded hands, compared to its average volume of 298,078. The firm has a fifty day moving average of $99.85 and a two-hundred day moving average of $96.45. The stock has a market capitalization of $4.35 billion, a price-to-earnings ratio of 47.07 and a beta of 1.79. JPMorgan U.S. Tech Leaders ETF has a 52 week low of $75.25 and a 52 week high of $111.82.

Institutional Trading of JPMorgan U.S. Tech Leaders ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in JTEK. Archford Capital Strategies LLC increased its position in JPMorgan U.S. Tech Leaders ETF by 4.2% during the 2nd quarter. Archford Capital Strategies LLC now owns 11,991 shares of the company’s stock valued at $1,338,000 after purchasing an additional 480 shares during the period. NewEdge Advisors LLC raised its holdings in JPMorgan U.S. Tech Leaders ETF by 9.6% in the 2nd quarter. NewEdge Advisors LLC now owns 35,260 shares of the company’s stock worth $3,933,000 after purchasing an additional 3,087 shares in the last quarter. IFP Advisors Inc lifted its position in shares of JPMorgan U.S. Tech Leaders ETF by 32.5% in the 2nd quarter. IFP Advisors Inc now owns 8,019 shares of the company’s stock worth $895,000 after purchasing an additional 1,966 shares during the period. Citadel Advisors LLC boosted its stake in shares of JPMorgan U.S. Tech Leaders ETF by 4.2% during the 2nd quarter. Citadel Advisors LLC now owns 21,495 shares of the company’s stock valued at $2,398,000 after purchasing an additional 876 shares in the last quarter. Finally, Yarger Wealth Strategies LLC boosted its stake in shares of JPMorgan U.S. Tech Leaders ETF by 2.8% during the 2nd quarter. Yarger Wealth Strategies LLC now owns 73,375 shares of the company’s stock valued at $7,674,000 after purchasing an additional 1,968 shares in 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.