Short Interest in JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) Increases By 162.8%

JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) saw a significant increase in short interest in December. As of December 15th, there was short interest totaling 155,741 shares, an increase of 162.8% from the November 30th total of 59,268 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average daily volume of 169,968 shares, the days-to-cover ratio is currently 0.9 days. Based on an average daily volume of 169,968 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.5% of the shares of the stock are sold short.

JPMorgan U.S. Tech Leaders ETF Stock Performance

Shares of NASDAQ:JTEK traded down $0.10 on Friday, reaching $91.90. The company’s stock had a trading volume of 88,763 shares, compared to its average volume of 244,753. JPMorgan U.S. Tech Leaders ETF has a 52-week low of $56.40 and a 52-week high of $97.86. The company has a market cap of $2.95 billion, a P/E ratio of 47.07 and a beta of 1.68. The company has a 50-day simple moving average of $91.58 and a 200 day simple moving average of $88.09.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Comprehensive Financial Planning Inc. PA increased its position in JPMorgan U.S. Tech Leaders ETF by 97.5% during the third quarter. Comprehensive Financial Planning Inc. PA now owns 476 shares of the company’s stock valued at $44,000 after acquiring an additional 235 shares during the last quarter. Advisory Services Network LLC purchased a new position in shares of JPMorgan U.S. Tech Leaders ETF during the 3rd quarter worth about $56,000. Bank of America Corp DE grew its holdings in JPMorgan U.S. Tech Leaders ETF by 1,810.5% during the 4th quarter. Bank of America Corp DE now owns 1,089 shares of the company’s stock valued at $82,000 after purchasing an additional 1,032 shares during the last quarter. CWM LLC bought a new position in JPMorgan U.S. Tech Leaders ETF during the 2nd quarter valued at about $110,000. Finally, Financial Management Professionals Inc. purchased a new stake in JPMorgan U.S. Tech Leaders ETF in the 3rd quarter worth about $149,000.

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.