JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) Short Interest Down 75.5% in August

JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) was the target of a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 30,882 shares, a decrease of 75.5% from the July 30th total of 125,842 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 209,070 shares, the days-to-cover ratio is currently 0.1 days.

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

Hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. increased its position in JPMorgan U.S. Tech Leaders ETF by 17.1% during the 4th 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 in the last quarter. Vestor Capital LLC lifted its holdings in JPMorgan U.S. Tech Leaders ETF by 5,221.0% in the 1st quarter. Vestor Capital LLC now owns 361,189 shares of the company’s stock valued at $28,729,000 after purchasing an additional 354,401 shares in the last quarter. Wedbush Securities Inc. acquired a new stake in shares of JPMorgan U.S. Tech Leaders ETF during the 2nd quarter worth about $18,759,000. Royal Bank of Canada boosted its stake in shares of JPMorgan U.S. Tech Leaders ETF by 208.2% during the 4th quarter. Royal Bank of Canada now owns 332,503 shares of the company’s stock worth $29,949,000 after purchasing an additional 224,634 shares during the last quarter. Finally, LPL Financial LLC grew its holdings in shares of JPMorgan U.S. Tech Leaders ETF by 46.2% during the fourth quarter. LPL Financial LLC now owns 538,269 shares of the company’s stock worth $48,483,000 after buying an additional 170,110 shares in the last quarter.

JPMorgan U.S. Tech Leaders ETF Stock Up 4.1%

Shares of JTEK traded up $4.09 during mid-day trading on Thursday, reaching $102.72. 256,830 shares of the company’s stock were exchanged, compared to its average volume of 298,681. JPMorgan U.S. Tech Leaders ETF has a 52-week low of $75.25 and a 52-week high of $111.82. The company has a market cap of $4.47 billion, a price-to-earnings ratio of 47.07 and a beta of 1.79. The company has a 50-day simple moving average of $101.35 and a two-hundred day simple moving average of $95.25.

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.