JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) Shares Shorted: Short Interest Down 80.1% in October

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Farther Finance Advisors LLC lifted its stake in JPMorgan U.S. Tech Leaders ETF by 420.0% in the third quarter. Farther Finance Advisors LLC now owns 1,482 shares of the company’s stock valued at $156,000 after purchasing an additional 1,197 shares during the last quarter. Waverly Advisors LLC raised its position in shares of JPMorgan U.S. Tech Leaders ETF by 21.3% in the first quarter. Waverly Advisors LLC now owns 1,981 shares of the company’s stock worth $158,000 after buying an additional 348 shares in the last quarter. Gateway Wealth Partners LLC bought a new stake in JPMorgan U.S. Tech Leaders ETF during the first quarter valued at $207,000. Comprehensive Financial Planning Inc. PA boosted its position in shares of JPMorgan U.S. Tech Leaders ETF by 14.4% during the 2nd quarter. Comprehensive Financial Planning Inc. PA now owns 2,114 shares of the company’s stock valued at $236,000 after acquiring an additional 266 shares during the last quarter. Finally, Paradigm Strategies in Wealth Management LLC purchased a new position in JPMorgan U.S. Tech Leaders ETF in the 1st quarter worth approximately $245,000.

JPMorgan U.S. Tech Leaders ETF Price Performance

NASDAQ:JTEK traded up $0.54 during trading hours on Wednesday, reaching $101.69. 179,402 shares of the company were exchanged, compared to its average volume of 286,724. The company has a market capitalization of $4.67 billion, a P/E ratio of 47.07 and a beta of 1.76. The business has a 50 day moving average of $101.98 and a 200 day moving average of $96.10. JPMorgan U.S. Tech Leaders ETF has a 1-year low of $75.25 and a 1-year high of $111.82.

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.