JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) Short Interest Update
by Jessica Moore · The Cerbat GemJPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK – Get Free Report) saw a significant growth in short interest in August. As of August 31st, there was short interest totaling 62,334 shares, a growth of 101.8% from the August 15th total of 30,882 shares. Based on an average trading volume of 239,266 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the company’s stock are sold short.
JPMorgan U.S. Tech Leaders ETF Price Performance
JTEK traded up $0.92 during trading hours on Wednesday, reaching $100.23. 71,483 shares of the stock traded hands, compared to its average volume of 295,838. JPMorgan U.S. Tech Leaders ETF has a fifty-two week low of $75.25 and a fifty-two week high of $111.82. The company has a market cap of $4.43 billion, a price-to-earnings ratio of 47.07 and a beta of 1.79. The firm’s fifty day simple moving average is $99.67 and its two-hundred day simple moving average is $96.66.
Institutional Trading of JPMorgan U.S. Tech Leaders ETF
Several large investors have recently modified their holdings of JTEK. JPMorgan Chase & Co. increased its position in shares of JPMorgan U.S. Tech Leaders ETF by 17.1% in 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 during the last quarter. Vestor Capital LLC lifted its position in shares of JPMorgan U.S. Tech Leaders ETF by 5,221.0% during the first quarter. Vestor Capital LLC now owns 361,189 shares of the company’s stock worth $28,729,000 after purchasing an additional 354,401 shares during the last quarter. Wedbush Securities Inc. acquired a new position in JPMorgan U.S. Tech Leaders ETF in the second quarter worth about $18,759,000. Pine Valley Investments Ltd Liability Co increased its holdings in JPMorgan U.S. Tech Leaders ETF by 352.9% in the first quarter. Pine Valley Investments Ltd Liability Co now owns 142,357 shares of the company’s stock valued at $11,323,000 after buying an additional 110,923 shares during the last quarter. Finally, Royal Bank of Canada raised its stake in JPMorgan U.S. Tech Leaders ETF by 30.5% during the first quarter. Royal Bank of Canada now owns 434,030 shares of the company’s stock valued at $34,524,000 after buying an additional 101,527 shares in the last quarter.
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.