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 significant 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. Based on an average daily trading volume, of 244,071 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.4% of the company’s stock are sold short.

Institutional Trading of JPMorgan U.S. Tech Leaders ETF

Several large investors have recently bought and sold shares of the company. Legacy Solutions LLC increased its position in shares of JPMorgan U.S. Tech Leaders ETF by 8.9% in the 3rd quarter. Legacy Solutions LLC now owns 2,496 shares of the company’s stock worth $263,000 after purchasing an additional 204 shares during the last quarter. Cambridge Advisors Inc. raised its stake in shares of JPMorgan U.S. Tech Leaders ETF by 7.9% in the 1st quarter. Cambridge Advisors Inc. now owns 3,441 shares of the company’s stock valued at $274,000 after purchasing an additional 251 shares in the last quarter. Comprehensive Financial Planning Inc. PA lifted its position in shares of 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 worth $236,000 after purchasing an additional 266 shares during the last quarter. World Investment Advisors lifted its position in shares of JPMorgan U.S. Tech Leaders ETF by 4.3% during the fourth quarter. World Investment Advisors now owns 7,845 shares of the company’s stock worth $707,000 after purchasing an additional 325 shares during the last quarter. Finally, Waverly Advisors LLC lifted its position in shares of 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.

JPMorgan U.S. Tech Leaders ETF Stock Performance

Shares of NASDAQ:JTEK traded down $3.44 during mid-day trading on Friday, hitting $98.50. 94,123 shares of the company traded hands, compared to its average volume of 288,084. The firm has a market cap of $4.47 billion, a P/E ratio of 47.07 and a beta of 1.76. JPMorgan U.S. Tech Leaders ETF has a 52-week low of $75.25 and a 52-week high of $111.82. The firm’s 50 day simple moving average is $102.52 and its 200 day simple moving average is $100.14.

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.