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

by · The Markets Daily

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

JPMorgan U.S. Tech Leaders ETF Trading Down 0.2%

Shares of JTEK traded down $0.21 during mid-day trading on Friday, reaching $90.65. The company’s stock had a trading volume of 219,259 shares, compared to its average volume of 214,224. JPMorgan U.S. Tech Leaders ETF has a 1-year low of $56.40 and a 1-year high of $97.86. The business has a 50-day simple moving average of $90.72 and a two-hundred day simple moving average of $89.33. The stock has a market cap of $3.26 billion, a P/E ratio of 47.07 and a beta of 1.68.

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

Large investors have recently modified their holdings of the stock. Comprehensive Financial Planning Inc. PA boosted its holdings in shares of JPMorgan U.S. Tech Leaders ETF by 97.5% during the 3rd quarter. Comprehensive Financial Planning Inc. PA now owns 476 shares of the company’s stock worth $44,000 after buying an additional 235 shares during the period. Advisory Services Network LLC acquired a new position in shares of JPMorgan U.S. Tech Leaders ETF in the third quarter valued at approximately $56,000. Bank of America Corp DE increased its stake in shares of JPMorgan U.S. Tech Leaders ETF by 1,810.5% during the fourth quarter. Bank of America Corp DE now owns 1,089 shares of the company’s stock worth $82,000 after purchasing an additional 1,032 shares during the period. CWM LLC acquired a new stake in JPMorgan U.S. Tech Leaders ETF during the 2nd quarter worth approximately $110,000. Finally, Financial Management Professionals Inc. bought a new stake in JPMorgan U.S. Tech Leaders ETF in the 3rd quarter valued at $149,000.

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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