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

JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) saw a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 127,100 shares, an increase of 51.3% from the December 31st total of 84,014 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 211,968 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily trading volume, of 211,968 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.3% of the shares of the company are sold short.

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

A number of large investors have recently modified their holdings of the business. SilverOak Wealth Management LLC increased its stake in shares of JPMorgan U.S. Tech Leaders ETF by 16.6% in the second quarter. SilverOak Wealth Management LLC now owns 124,425 shares of the company’s stock valued at $10,509,000 after buying an additional 17,751 shares during the period. Guided Capital Wealth Management LLC grew its holdings in JPMorgan U.S. Tech Leaders ETF by 21.1% during the 3rd quarter. Guided Capital Wealth Management LLC now owns 45,540 shares of the company’s stock worth $4,188,000 after acquiring an additional 7,945 shares during the last quarter. Integras Partners LLC increased its position in JPMorgan U.S. Tech Leaders ETF by 54.0% in the 3rd quarter. Integras Partners LLC now owns 44,911 shares of the company’s stock valued at $4,130,000 after acquiring an additional 15,748 shares during the period. CWM LLC bought a new position in shares of JPMorgan U.S. Tech Leaders ETF during the second quarter valued at $110,000. Finally, BLVD Private Wealth LLC acquired a new position in shares of JPMorgan U.S. Tech Leaders ETF during the second quarter worth $1,951,000.

JPMorgan U.S. Tech Leaders ETF Stock Performance

Shares of JTEK stock traded up $0.30 on Monday, hitting $88.35. The company’s stock had a trading volume of 221,286 shares, compared to its average volume of 240,595. JPMorgan U.S. Tech Leaders ETF has a fifty-two week low of $56.40 and a fifty-two week high of $97.86. The company has a market capitalization of $3.29 billion, a PE ratio of 47.07 and a beta of 1.68. The stock’s 50 day moving average is $90.91 and its 200-day moving average is $89.79.

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.