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

JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 62,334 shares, an increase of 101.8% from the August 15th total of 30,882 shares. Based on an average daily trading volume, of 239,266 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the company’s shares are short sold.

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

Large investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. grew its holdings in shares of JPMorgan U.S. Tech Leaders ETF by 17.1% in the fourth quarter. JPMorgan Chase & Co. now owns 4,597,385 shares of the company’s stock worth $414,099,000 after purchasing an additional 672,534 shares during the last quarter. North Star Asset Management Inc. bought a new stake in JPMorgan U.S. Tech Leaders ETF during the 4th quarter valued at $1,199,000. Symphony Financial Services Inc. boosted its position in JPMorgan U.S. Tech Leaders ETF by 37.7% during the 1st quarter. Symphony Financial Services Inc. now owns 31,831 shares of the company’s stock valued at $2,532,000 after buying an additional 8,717 shares during the period. Quadcap Wealth Management LLC boosted its position in JPMorgan U.S. Tech Leaders ETF by 10.8% during the 1st quarter. Quadcap Wealth Management LLC now owns 103,122 shares of the company’s stock valued at $8,202,000 after buying an additional 10,047 shares during the period. Finally, Kestra Advisory Services LLC grew its holdings in JPMorgan U.S. Tech Leaders ETF by 8.3% in the 1st quarter. Kestra Advisory Services LLC now owns 215,392 shares of the company’s stock worth $17,132,000 after acquiring an additional 16,428 shares during the last quarter.

JPMorgan U.S. Tech Leaders ETF Trading Up 0.4%

Shares of NASDAQ:JTEK traded up $0.41 on Monday, reaching $99.94. 189,608 shares of the company traded hands, compared to its average volume of 298,078. The stock has a market capitalization of $4.35 billion, a P/E ratio of 47.07 and a beta of 1.79. The business’s 50-day simple moving average is $99.85 and its 200 day simple moving average is $96.45. JPMorgan U.S. Tech Leaders ETF has a 52 week low of $75.25 and a 52 week high of $111.82.

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.