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

JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) saw a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 35,092 shares, a decline of 80.1% from the September 30th total of 176,090 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 204,131 shares, the short-interest ratio is presently 0.2 days.

JPMorgan U.S. Tech Leaders ETF Stock Up 1.3%

JTEK stock opened at $99.88 on Tuesday. The business’s fifty day moving average is $102.02 and its 200-day moving average is $96.06. The company has a market cap of $4.57 billion, a P/E ratio of 47.07 and a beta of 1.76. JPMorgan U.S. Tech Leaders ETF has a twelve month low of $75.25 and a twelve month high of $111.82.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in JTEK. Apollon Wealth Management LLC grew its holdings in JPMorgan U.S. Tech Leaders ETF by 656.8% during the third quarter. Apollon Wealth Management LLC now owns 14,606 shares of the company’s stock valued at $1,536,000 after purchasing an additional 12,676 shares during the period. Private Wealth Partners LLC bought a new stake in JPMorgan U.S. Tech Leaders ETF in the third quarter valued at approximately $5,172,000. Hartford Financial Management Inc. bought a new stake in JPMorgan U.S. Tech Leaders ETF in the third quarter valued at approximately $7,404,000. Paradigm Strategies in Wealth Management LLC raised its holdings in JPMorgan U.S. Tech Leaders ETF by 184.5% in the third quarter. Paradigm Strategies in Wealth Management LLC now owns 34,979 shares of the company’s stock worth $3,680,000 after purchasing an additional 22,682 shares during the period. Finally, Triumph Capital Management raised its holdings in JPMorgan U.S. Tech Leaders ETF by 4.6% in the third quarter. Triumph Capital Management now owns 18,860 shares of the company’s stock worth $1,984,000 after purchasing an additional 832 shares during the period.

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.