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

JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) was the target of a large increase in short interest in September. As of September 30th, there was short interest totaling 176,090 shares, an increase of 57.5% from the September 15th total of 111,821 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average trading volume of 244,071 shares, the days-to-cover ratio is presently 0.7 days.

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

Hedge funds have recently modified their holdings of the stock. Triumph Capital Management increased its stake in shares of JPMorgan U.S. Tech Leaders ETF by 4.6% during the third quarter. Triumph Capital Management now owns 18,860 shares of the company’s stock worth $1,984,000 after acquiring an additional 832 shares during the period. Krilogy Financial LLC increased its holdings in shares of JPMorgan U.S. Tech Leaders ETF by 6.6% in the 3rd quarter. Krilogy Financial LLC now owns 36,765 shares of the company’s stock valued at $3,894,000 after purchasing an additional 2,264 shares in the last quarter. Valley Wealth Managers Inc. lifted its stake in shares of JPMorgan U.S. Tech Leaders ETF by 3.1% in the third quarter. Valley Wealth Managers Inc. now owns 32,376 shares of the company’s stock valued at $3,406,000 after purchasing an additional 967 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of 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 period. Finally, Avidian Wealth Enterprises LLC acquired a new stake in shares of JPMorgan U.S. Tech Leaders ETF in the third quarter valued at about $525,000.

JPMorgan U.S. Tech Leaders ETF Stock Down 3.4%

JPMorgan U.S. Tech Leaders ETF stock traded down $3.44 during mid-day trading on Friday, hitting $98.50. The company had a trading volume of 94,123 shares, compared to its average volume of 288,084. The business has a fifty day moving average of $102.52 and a 200 day moving average of $100.14. JPMorgan U.S. Tech Leaders ETF has a 1 year low of $75.25 and a 1 year high of $111.82. The stock has a market cap of $4.47 billion, a price-to-earnings ratio of 47.07 and a beta of 1.76.

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.