JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) Short Interest Down 49.4% in July

JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) was the recipient of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 125,842 shares, a decline of 49.4% from the July 15th total of 248,555 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily volume of 322,331 shares, the short-interest ratio is currently 0.4 days.

JPMorgan U.S. Tech Leaders ETF Stock Down 1.0%

NASDAQ JTEK traded down $1.06 on Friday, hitting $103.67. The stock had a trading volume of 161,099 shares, compared to its average volume of 303,531. The company’s 50-day moving average is $102.20 and its two-hundred day moving average is $94.39. 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 $4.51 billion, a price-to-earnings ratio of 47.07 and a beta of 1.79.

Hedge Funds Weigh In On JPMorgan U.S. Tech Leaders ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its position in JPMorgan U.S. Tech Leaders ETF by 17.1% in the 4th quarter. JPMorgan Chase & Co. now owns 4,597,385 shares of the company’s stock valued at $414,099,000 after acquiring an additional 672,534 shares during the period. Wells Fargo & Company MN grew its stake in shares of JPMorgan U.S. Tech Leaders ETF by 10.4% in the fourth quarter. Wells Fargo & Company MN now owns 775,708 shares of the company’s stock worth $69,870,000 after purchasing an additional 73,315 shares in the last quarter. LPL Financial LLC increased its holdings in shares of JPMorgan U.S. Tech Leaders ETF by 46.2% during the fourth quarter. LPL Financial LLC now owns 538,269 shares of the company’s stock valued at $48,483,000 after purchasing an additional 170,110 shares during the period. UBS Group AG increased its holdings in shares of JPMorgan U.S. Tech Leaders ETF by 4.1% during the third quarter. UBS Group AG now owns 451,449 shares of the company’s stock valued at $41,520,000 after purchasing an additional 17,659 shares during the period. Finally, Royal Bank of Canada raised its stake in shares of JPMorgan U.S. Tech Leaders ETF by 30.5% during the first quarter. Royal Bank of Canada now owns 434,030 shares of the company’s stock valued at $34,524,000 after purchasing an additional 101,527 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.