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

JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totaling 176,090 shares, an increase of 57.5% from the September 15th total of 111,821 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average trading volume of 244,071 shares, the days-to-cover ratio is currently 0.7 days.

JPMorgan U.S. Tech Leaders ETF Stock Down 4.5%

Shares of NASDAQ JTEK opened at $97.40 on Friday. The firm has a market cap of $4.42 billion, a PE ratio of 47.07 and a beta of 1.76. The company’s fifty day simple moving average is $102.43 and its 200 day simple moving average is $100.12. JPMorgan U.S. Tech Leaders ETF has a 12-month low of $75.25 and a 12-month high of $111.82.

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

Several institutional investors have recently made changes to their positions in JTEK. Farther Finance Advisors LLC grew its stake in shares of JPMorgan U.S. Tech Leaders ETF by 420.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,482 shares of the company’s stock valued at $156,000 after buying an additional 1,197 shares during the period. Waverly Advisors LLC increased its position in JPMorgan U.S. Tech Leaders ETF by 21.3% in the 1st quarter. Waverly Advisors LLC now owns 1,981 shares of the company’s stock valued at $158,000 after buying an additional 348 shares in the last quarter. Comprehensive Financial Planning Inc. PA increased its position in JPMorgan U.S. Tech Leaders ETF by 14.4% in the 2nd quarter. Comprehensive Financial Planning Inc. PA now owns 2,114 shares of the company’s stock valued at $236,000 after buying an additional 266 shares in the last quarter. Legacy Solutions LLC acquired a new position in JPMorgan U.S. Tech Leaders ETF during the 2nd quarter worth approximately $256,000. Finally, Gateway Wealth Partners LLC acquired a new position in JPMorgan U.S. Tech Leaders ETF during the 1st quarter worth approximately $207,000.

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.