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

JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) was the target of a large increase in short interest in September. As of September 15th, there was short interest totaling 111,821 shares, an increase of 79.4% from the August 31st total of 62,334 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average daily volume of 257,817 shares, the days-to-cover ratio is currently 0.4 days.

JPMorgan U.S. Tech Leaders ETF Price Performance

NASDAQ:JTEK traded up $0.80 during mid-day trading on Tuesday, reaching $104.53. The stock had a trading volume of 323,726 shares, compared to its average volume of 294,440. The company has a market capitalization of $4.69 billion, a price-to-earnings ratio of 47.07 and a beta of 1.79. JPMorgan U.S. Tech Leaders ETF has a 1-year low of $75.25 and a 1-year high of $111.82. The stock’s 50 day simple moving average is $100.02 and its two-hundred day simple moving average is $97.92.

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

Institutional investors have recently made changes to their positions in the company. Waverly Advisors LLC lifted its stake in JPMorgan U.S. Tech Leaders ETF by 21.3% during the first quarter. Waverly Advisors LLC now owns 1,981 shares of the company’s stock worth $158,000 after purchasing an additional 348 shares during the last quarter. Comprehensive Financial Planning Inc. PA increased its stake in JPMorgan U.S. Tech Leaders ETF by 14.4% during the second quarter. Comprehensive Financial Planning Inc. PA now owns 2,114 shares of the company’s stock valued at $236,000 after purchasing an additional 266 shares during the last quarter. Legacy Solutions LLC acquired a new stake in shares of JPMorgan U.S. Tech Leaders ETF during the second quarter worth $256,000. Gateway Wealth Partners LLC bought a new position in shares of JPMorgan U.S. Tech Leaders ETF in the 1st quarter worth about $207,000. Finally, Paradigm Strategies in Wealth Management LLC bought a new position in shares of JPMorgan U.S. Tech Leaders ETF in the 1st quarter worth about $245,000.

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.