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

JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) saw a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 155,741 shares, an increase of 162.8% from the November 30th total of 59,268 shares. Based on an average daily volume of 169,968 shares, the short-interest ratio is presently 0.9 days. Currently, 0.5% of the company’s stock are short sold. Currently, 0.5% of the company’s stock are short sold. Based on an average daily volume of 169,968 shares, the short-interest ratio is presently 0.9 days.

Institutional Trading of JPMorgan U.S. Tech Leaders ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Comprehensive Financial Planning Inc. PA grew its stake in shares of JPMorgan U.S. Tech Leaders ETF by 97.5% during the third quarter. Comprehensive Financial Planning Inc. PA now owns 476 shares of the company’s stock valued at $44,000 after purchasing an additional 235 shares during the last quarter. Advisory Services Network LLC acquired a new stake in JPMorgan U.S. Tech Leaders ETF in the third quarter valued at $56,000. Bank of America Corp DE lifted its stake in shares of 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 worth $82,000 after buying an additional 1,032 shares during the last quarter. CWM LLC acquired a new position in shares of JPMorgan U.S. Tech Leaders ETF during the 2nd quarter worth approximately $110,000. Finally, Financial Management Professionals Inc. bought a new stake in JPMorgan U.S. Tech Leaders ETF during the third quarter worth $149,000.

JPMorgan U.S. Tech Leaders ETF Stock Down 0.1%

Shares of JTEK traded down $0.10 on Friday, hitting $91.90. 88,763 shares of the stock traded hands, compared to its average volume of 244,753. JPMorgan U.S. Tech Leaders ETF has a 1 year low of $56.40 and a 1 year high of $97.86. The stock’s 50 day moving average is $91.58 and its two-hundred day moving average is $88.23. The firm has a market capitalization of $2.95 billion, a P/E ratio of 47.07 and a beta of 1.68.

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.