JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) Short Interest Down 49.4% in July

JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) was the target of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 125,842 shares, a decrease of 49.4% from the July 15th total of 248,555 shares. Based on an average trading volume of 322,331 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.3% of the company’s shares are short sold.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Bank of America Corp DE lifted its stake in shares of JPMorgan U.S. Tech Leaders ETF by 1.5% during the 3rd quarter. Bank of America Corp DE now owns 15,160 shares of the company’s stock worth $1,394,000 after acquiring an additional 230 shares during the last quarter. Cambridge Advisors Inc. grew its position in JPMorgan U.S. Tech Leaders ETF by 7.9% in the 1st quarter. Cambridge Advisors Inc. now owns 3,441 shares of the company’s stock valued at $274,000 after acquiring an additional 251 shares during the last quarter. Mattern Capital Management LLC increased its stake in JPMorgan U.S. Tech Leaders ETF by 5.7% in the fourth quarter. Mattern Capital Management LLC now owns 4,730 shares of the company’s stock worth $426,000 after purchasing an additional 255 shares during the period. Farther Finance Advisors LLC purchased a new stake in JPMorgan U.S. Tech Leaders ETF in the fourth quarter worth $26,000. Finally, World Investment Advisors lifted its position in shares of JPMorgan U.S. Tech Leaders ETF by 4.3% during the fourth quarter. World Investment Advisors now owns 7,845 shares of the company’s stock worth $707,000 after purchasing an additional 325 shares during the last quarter.

JPMorgan U.S. Tech Leaders ETF Trading Down 3.0%

Shares of JTEK stock traded down $3.07 during trading hours on Tuesday, reaching $100.32. 196,355 shares of the stock were exchanged, compared to its average volume of 301,940. The firm has a market capitalization of $4.37 billion, a price-to-earnings ratio of 47.07 and a beta of 1.79. JPMorgan U.S. Tech Leaders ETF has a 12-month low of $75.25 and a 12-month high of $111.82. The company’s 50-day moving average price is $102.21 and its 200-day moving average price is $94.50.

JPMorgan U.S. Tech Leaders ETF Company Profile

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.