JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) Short Interest Up 33.9% in April

JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) saw a significant increase in short interest in the month of April. As of April 15th, there was short interest totaling 120,865 shares, an increase of 33.9% from the March 31st total of 90,282 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average daily volume of 490,427 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On JPMorgan U.S. Tech Leaders ETF

Large investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC acquired a new stake in JPMorgan U.S. Tech Leaders ETF during the fourth quarter worth approximately $26,000. International Assets Investment Management LLC acquired a new stake in JPMorgan U.S. Tech Leaders ETF during the fourth quarter worth approximately $43,000. Comprehensive Financial Planning Inc. PA grew its position in 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 worth $44,000 after buying an additional 235 shares in the last quarter. Advisory Services Network LLC acquired a new stake in JPMorgan U.S. Tech Leaders ETF during the third quarter worth approximately $56,000. Finally, Capital Investment Advisory Services LLC acquired a new stake in JPMorgan U.S. Tech Leaders ETF during the fourth quarter worth approximately $64,000.

JPMorgan U.S. Tech Leaders ETF Stock Performance

Shares of NASDAQ JTEK traded up $1.44 during trading hours on Thursday, reaching $94.60. 209,455 shares of the stock were exchanged, compared to its average volume of 315,180. The firm has a market capitalization of $3.68 billion, a price-to-earnings ratio of 47.07 and a beta of 1.66. JPMorgan U.S. Tech Leaders ETF has a 52 week low of $70.52 and a 52 week high of $97.86. The stock’s fifty day simple moving average is $85.07 and its 200 day simple moving average is $88.52.

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.