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

JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) was the target of a significant drop in short interest in July. As of July 31st, there was short interest totaling 125,842 shares, a drop of 49.4% from the July 15th total of 248,555 shares. Based on an average daily trading volume, of 322,331 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.3% of the company’s stock are sold short.

JPMorgan U.S. Tech Leaders ETF Price Performance

JPMorgan U.S. Tech Leaders ETF stock traded down $0.28 during midday trading on Monday, hitting $103.39. 160,954 shares of the company were exchanged, compared to its average volume of 302,617. The company has a market cap of $4.50 billion, a PE ratio of 47.07 and a beta of 1.79. JPMorgan U.S. Tech Leaders ETF has a fifty-two week low of $75.25 and a fifty-two week high of $111.82. The company’s fifty day moving average price is $102.20 and its 200-day moving average price is $94.42.

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

A number of large investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC purchased a new position in JPMorgan U.S. Tech Leaders ETF in the 4th quarter valued at about $26,000. International Assets Investment Management LLC acquired a new position in shares of JPMorgan U.S. Tech Leaders ETF in the fourth quarter worth about $43,000. Advisory Services Network LLC acquired a new position in shares of JPMorgan U.S. Tech Leaders ETF in the third quarter worth about $56,000. Comerica Bank boosted its holdings in JPMorgan U.S. Tech Leaders ETF by 80.0% in the fourth quarter. Comerica Bank now owns 900 shares of the company’s stock valued at $81,000 after purchasing an additional 400 shares during the last quarter. Finally, Bank of America Corp DE grew its stake 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 in the last quarter.

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.