Short Interest in JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) Declines By 33.8%

JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) was the target of a large decrease in short interest in January. As of January 30th, there was short interest totaling 84,154 shares, a decrease of 33.8% from the January 15th total of 127,100 shares. Based on an average daily trading volume, of 267,687 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.2% of the shares of the company are short sold. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 267,687 shares, the days-to-cover ratio is presently 0.3 days.

JPMorgan U.S. Tech Leaders ETF Price Performance

Shares of NASDAQ JTEK traded up $1.02 during midday trading on Friday, reaching $84.06. 221,622 shares of the company traded hands, compared to its average volume of 312,701. The company has a market cap of $3.15 billion, a price-to-earnings ratio of 47.07 and a beta of 1.68. The stock has a 50-day moving average price of $89.67 and a 200 day moving average price of $89.66. JPMorgan U.S. Tech Leaders ETF has a 52 week low of $56.40 and a 52 week high of $97.86.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE increased its stake in shares of JPMorgan U.S. Tech Leaders ETF by 1,810.5% during the fourth quarter. Bank of America Corp DE now owns 1,089 shares of the company’s stock valued at $82,000 after acquiring an additional 1,032 shares during the period. Royal Bank of Canada raised its position in JPMorgan U.S. Tech Leaders ETF by 20.4% in the first quarter. Royal Bank of Canada now owns 59,843 shares of the company’s stock worth $4,020,000 after acquiring an additional 10,159 shares in the last quarter. Goldman Sachs Group Inc. raised its position in JPMorgan U.S. Tech Leaders ETF by 196.8% in the first quarter. Goldman Sachs Group Inc. now owns 23,069 shares of the company’s stock worth $1,550,000 after acquiring an additional 15,296 shares in the last quarter. Jane Street Group LLC lifted its holdings in JPMorgan U.S. Tech Leaders ETF by 327.2% in the 1st quarter. Jane Street Group LLC now owns 41,331 shares of the company’s stock valued at $2,777,000 after acquiring an additional 31,656 shares during the last quarter. Finally, IFP Advisors Inc bought a new position in shares of JPMorgan U.S. Tech Leaders ETF during the 2nd quarter valued at about $289,000.

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.