JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) Stock Short Interest Rises 57.5%

JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 176,090 shares, an increase of 57.5% from the September 15th total of 111,821 shares. Based on an average daily volume of 244,071 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.4% of the shares of the stock are sold short.

JPMorgan U.S. Tech Leaders ETF Price Performance

Shares of JTEK traded down $4.54 during midday trading on Friday, reaching $97.40. The stock had a trading volume of 385,118 shares, compared to its average volume of 289,629. The company has a market capitalization of $4.42 billion, a P/E ratio of 47.07 and a beta of 1.76. The firm’s 50 day moving average price is $102.43 and its 200-day moving average price is $100.12. JPMorgan U.S. Tech Leaders ETF has a 52 week low of $75.25 and a 52 week high of $111.82.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Paradigm Strategies in Wealth Management LLC lifted its holdings in JPMorgan U.S. Tech Leaders ETF by 184.5% in the 3rd quarter. Paradigm Strategies in Wealth Management LLC now owns 34,979 shares of the company’s stock valued at $3,680,000 after acquiring an additional 22,682 shares during the last quarter. Triumph Capital Management grew its stake in shares of JPMorgan U.S. Tech Leaders ETF by 4.6% in the 3rd quarter. Triumph Capital Management now owns 18,860 shares of the company’s stock worth $1,984,000 after purchasing an additional 832 shares during the last quarter. Krilogy Financial LLC grew its stake in shares of JPMorgan U.S. Tech Leaders ETF by 6.6% in the 3rd quarter. Krilogy Financial LLC now owns 36,765 shares of the company’s stock worth $3,894,000 after purchasing an additional 2,264 shares during the last quarter. Valley Wealth Managers Inc. grew its stake in shares of JPMorgan U.S. Tech Leaders ETF by 3.1% in the 3rd quarter. Valley Wealth Managers Inc. now owns 32,376 shares of the company’s stock worth $3,406,000 after purchasing an additional 967 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in shares of JPMorgan U.S. Tech Leaders ETF by 420.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,482 shares of the company’s stock worth $156,000 after purchasing an additional 1,197 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.