Short Interest in JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) Grows By 101.8%

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

JPMorgan U.S. Tech Leaders ETF Stock Performance

JPMorgan U.S. Tech Leaders ETF stock traded down $0.63 during mid-day trading on Tuesday, hitting $99.31. The company’s stock had a trading volume of 133,489 shares, compared to its average volume of 297,144. The company has a 50 day moving average of $99.67 and a 200-day moving average of $96.66. JPMorgan U.S. Tech Leaders ETF has a one year low of $75.25 and a one year high of $111.82. The stock has a market cap of $4.38 billion, a PE ratio of 47.07 and a beta of 1.79.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Cambridge Advisors Inc. raised its holdings in shares of JPMorgan U.S. Tech Leaders ETF by 7.9% in the first quarter. Cambridge Advisors Inc. now owns 3,441 shares of the company’s stock valued at $274,000 after acquiring an additional 251 shares in the last quarter. Comprehensive Financial Planning Inc. PA grew its holdings in JPMorgan U.S. Tech Leaders ETF by 14.4% during the 2nd quarter. Comprehensive Financial Planning Inc. PA now owns 2,114 shares of the company’s stock worth $236,000 after acquiring an additional 266 shares in the last quarter. World Investment Advisors grew its holdings in JPMorgan U.S. Tech Leaders ETF by 4.3% during the 4th quarter. World Investment Advisors now owns 7,845 shares of the company’s stock worth $707,000 after acquiring an additional 325 shares in the last quarter. Truist Financial Corp increased its position in JPMorgan U.S. Tech Leaders ETF by 3.5% during the 4th quarter. Truist Financial Corp now owns 10,103 shares of the company’s stock valued at $910,000 after purchasing an additional 344 shares during the period. Finally, Waverly Advisors LLC increased its position in JPMorgan U.S. Tech Leaders ETF by 21.3% during the 1st quarter. Waverly Advisors LLC now owns 1,981 shares of the company’s stock valued at $158,000 after purchasing an additional 348 shares during the period.

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.