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

JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) saw a large decline in short interest in January. As of January 30th, there was short interest totaling 84,154 shares, a decline of 33.8% from the January 15th total of 127,100 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average trading volume of 267,687 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 267,687 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.2% of the company’s shares are short sold.

JPMorgan U.S. Tech Leaders ETF Trading Up 1.2%

NASDAQ JTEK traded up $1.02 on Friday, hitting $84.06. 221,622 shares of the company were exchanged, compared to its average volume of 312,701. The company has a market cap of $3.15 billion, a PE ratio of 47.07 and a beta of 1.68. The stock has a fifty day moving average of $89.67 and a 200-day moving average of $89.71. JPMorgan U.S. Tech Leaders ETF has a 12 month low of $56.40 and a 12 month high of $97.86.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in JTEK. Farther Finance Advisors LLC bought a new stake in shares of JPMorgan U.S. Tech Leaders ETF during the fourth quarter valued at approximately $26,000. International Assets Investment Management LLC acquired a new position in JPMorgan U.S. Tech Leaders ETF during the fourth quarter worth $43,000. Comprehensive Financial Planning Inc. PA lifted its stake in shares of JPMorgan U.S. Tech Leaders ETF by 97.5% in the third quarter. Comprehensive Financial Planning Inc. PA now owns 476 shares of the company’s stock valued at $44,000 after buying an additional 235 shares in the last quarter. Advisory Services Network LLC bought a new position in shares of JPMorgan U.S. Tech Leaders ETF in the third quarter valued at $56,000. Finally, Capital Investment Advisory Services LLC acquired a new position in shares of JPMorgan U.S. Tech Leaders ETF during the fourth quarter valued at about $64,000.

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.