JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) Short Interest Update

JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) was the recipient of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 211,953 shares, an increase of 86.4% from the May 14th total of 113,699 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average trading volume of 222,515 shares, the days-to-cover ratio is presently 1.0 days.

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

Several large investors have recently modified their holdings of the stock. Pine Valley Investments Ltd Liability Co raised its position in shares of JPMorgan U.S. Tech Leaders ETF by 352.9% in the first quarter. Pine Valley Investments Ltd Liability Co now owns 142,357 shares of the company’s stock valued at $11,323,000 after purchasing an additional 110,923 shares during the period. NewEdge Advisors LLC raised its position in shares of JPMorgan U.S. Tech Leaders ETF by 32.0% in the first quarter. NewEdge Advisors LLC now owns 32,173 shares of the company’s stock valued at $2,559,000 after purchasing an additional 7,798 shares during the period. Vestor Capital LLC raised its position in shares of JPMorgan U.S. Tech Leaders ETF by 5,221.0% in the first quarter. Vestor Capital LLC now owns 361,189 shares of the company’s stock valued at $28,729,000 after purchasing an additional 354,401 shares during the period. Arkadios Wealth Advisors bought a new position in shares of JPMorgan U.S. Tech Leaders ETF in the first quarter valued at about $1,056,000. Finally, Royal Bank of Canada raised its position in shares of JPMorgan U.S. Tech Leaders ETF by 30.5% in the first quarter. Royal Bank of Canada now owns 434,030 shares of the company’s stock valued at $34,524,000 after purchasing an additional 101,527 shares during the period.

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

Shares of JTEK traded down $2.85 during trading hours on Tuesday, hitting $105.90. The company had a trading volume of 336,983 shares, compared to its average volume of 307,836. The firm has a market cap of $4.17 billion, a price-to-earnings ratio of 47.07 and a beta of 1.76. The business has a fifty day moving average of $98.11 and a 200-day moving average of $91.03. JPMorgan U.S. Tech Leaders ETF has a 12 month low of $75.25 and a 12 month high of $111.32.

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.