JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) Stock Short Interest Climbs 79.4%

JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) saw a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 111,821 shares, a growth of 79.4% from the August 31st total of 62,334 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 257,817 shares, the short-interest ratio is presently 0.4 days.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in JTEK. JPMorgan Chase & Co. raised its stake in JPMorgan U.S. Tech Leaders ETF by 17.1% in the fourth quarter. JPMorgan Chase & Co. now owns 4,597,385 shares of the company’s stock valued at $414,099,000 after buying an additional 672,534 shares during the period. Vestor Capital LLC lifted its holdings in shares of JPMorgan U.S. Tech Leaders ETF by 5,221.0% during the first quarter. Vestor Capital LLC now owns 361,189 shares of the company’s stock worth $28,729,000 after buying an additional 354,401 shares in the last quarter. Wedbush Securities Inc. bought a new stake in JPMorgan U.S. Tech Leaders ETF in the 2nd quarter valued at about $18,759,000. Pine Valley Investments Ltd Liability Co boosted its stake in shares of JPMorgan U.S. Tech Leaders ETF by 352.9% in the first quarter. Pine Valley Investments Ltd Liability Co now owns 142,357 shares of the company’s stock valued at $11,323,000 after buying an additional 110,923 shares during the period. Finally, Royal Bank of Canada grew its holdings in shares of JPMorgan U.S. Tech Leaders ETF by 30.5% during the 1st quarter. Royal Bank of Canada now owns 434,030 shares of the company’s stock worth $34,524,000 after purchasing an additional 101,527 shares in the last quarter.

JPMorgan U.S. Tech Leaders ETF Stock Performance

JPMorgan U.S. Tech Leaders ETF stock traded up $0.55 during midday trading on Thursday, reaching $105.74. The stock had a trading volume of 36,602 shares, compared to its average volume of 292,634. JPMorgan U.S. Tech Leaders ETF has a 1-year low of $75.25 and a 1-year high of $111.82. The firm’s fifty day simple moving average is $100.22 and its 200-day simple moving average is $98.23. The stock has a market capitalization of $4.75 billion, a P/E ratio of 47.07 and a beta of 1.79.

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.