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

JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) saw a large increase in short interest during the month of March. As of March 31st, there was short interest totaling 90,282 shares, an increase of 147.0% from the March 15th total of 36,547 shares. Based on an average daily volume of 241,742 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.2% of the company’s stock are sold short.

JPMorgan U.S. Tech Leaders ETF Stock Up 2.6%

Shares of JTEK traded up $2.17 during mid-day trading on Monday, hitting $85.91. 827,399 shares of the company’s stock were exchanged, compared to its average volume of 326,438. The firm has a fifty day moving average of $82.91 and a two-hundred day moving average of $88.51. JPMorgan U.S. Tech Leaders ETF has a twelve month low of $60.94 and a twelve month high of $97.86. The stock has a market cap of $3.33 billion, a price-to-earnings ratio of 47.07 and a beta of 1.66.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of JTEK. Farther Finance Advisors LLC acquired a new position in JPMorgan U.S. Tech Leaders ETF in the 4th quarter valued at $26,000. International Assets Investment Management LLC acquired a new position in JPMorgan U.S. Tech Leaders ETF in the 4th quarter valued at $43,000. Comprehensive Financial Planning Inc. PA grew its stake in JPMorgan U.S. Tech Leaders ETF by 97.5% in the 3rd quarter. Comprehensive Financial Planning Inc. PA now owns 476 shares of the company’s stock valued at $44,000 after buying an additional 235 shares during the last quarter. Advisory Services Network LLC acquired a new position in JPMorgan U.S. Tech Leaders ETF in the 3rd quarter valued at $56,000. Finally, Capital Investment Advisory Services LLC acquired a new position in JPMorgan U.S. Tech Leaders ETF in the 4th quarter valued at $64,000.

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.