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

by · The Cerbat Gem

JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK – Get Free Report) was the recipient of a significant drop in short interest in the month of December. As of December 31st, there was short interest totaling 84,014 shares, a drop of 46.1% from the December 15th total of 155,741 shares. Based on an average daily trading volume, of 159,062 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.2% of the shares of the company are short sold. Currently, 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 159,062 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Trading of JPMorgan U.S. Tech Leaders ETF

A number of hedge funds have recently added to or reduced their stakes in the business. SilverOak Wealth Management LLC increased its position in JPMorgan U.S. Tech Leaders ETF by 16.6% during the 2nd quarter. SilverOak Wealth Management LLC now owns 124,425 shares of the company’s stock valued at $10,509,000 after purchasing an additional 17,751 shares during the period. Guided Capital Wealth Management LLC lifted its position in shares of JPMorgan U.S. Tech Leaders ETF by 21.1% in the 3rd quarter. Guided Capital Wealth Management LLC now owns 45,540 shares of the company’s stock worth $4,188,000 after purchasing an additional 7,945 shares during the period. Integras Partners LLC boosted its stake in shares of JPMorgan U.S. Tech Leaders ETF by 54.0% during the third quarter. Integras Partners LLC now owns 44,911 shares of the company’s stock valued at $4,130,000 after purchasing an additional 15,748 shares in the last quarter. Silver Oak Securities Incorporated increased its holdings in JPMorgan U.S. Tech Leaders ETF by 190.7% during the second quarter. Silver Oak Securities Incorporated now owns 10,363 shares of the company’s stock valued at $875,000 after buying an additional 6,798 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in JPMorgan U.S. Tech Leaders ETF by 196.8% in the first quarter. Goldman Sachs Group Inc. now owns 23,069 shares of the company’s stock worth $1,550,000 after buying an additional 15,296 shares in the last quarter.

JPMorgan U.S. Tech Leaders ETF Stock Performance

JPMorgan U.S. Tech Leaders ETF stock traded down $0.33 during mid-day trading on Thursday, hitting $90.86. The company’s stock had a trading volume of 312,736 shares, compared to its average volume of 213,714. The company has a 50 day moving average of $90.75 and a 200-day moving average of $89.24. JPMorgan U.S. Tech Leaders ETF has a one year low of $56.40 and a one year high of $97.86. The stock has a market cap of $3.25 billion, a PE ratio of 47.07 and a beta of 1.68.

About JPMorgan U.S. Tech Leaders ETF

(Get Free Report)

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.

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