JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) Short Interest Up 51.3% in January

JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) was the target of a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 127,100 shares, a growth of 51.3% from the December 31st total of 84,014 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 211,968 shares, the short-interest ratio is currently 0.6 days. Based on an average daily volume of 211,968 shares, the short-interest ratio is currently 0.6 days. Approximately 0.3% of the company’s stock are short sold.

JPMorgan U.S. Tech Leaders ETF Stock Down 2.6%

JTEK stock traded down $2.39 during trading on Friday, hitting $88.05. 273,416 shares of the company’s stock traded hands, compared to its average volume of 241,561. The firm has a market capitalization of $3.27 billion, a P/E ratio of 47.07 and a beta of 1.68. The business has a fifty day simple moving average of $90.91 and a two-hundred day simple moving average of $89.75. JPMorgan U.S. Tech Leaders ETF has a 1 year low of $56.40 and a 1 year high of $97.86.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its holdings in JPMorgan U.S. Tech Leaders ETF by 5.4% in the third quarter. JPMorgan Chase & Co. now owns 3,924,851 shares of the company’s stock worth $360,969,000 after purchasing an additional 202,694 shares in the last quarter. Hughes Financial Services LLC boosted its holdings in shares of JPMorgan U.S. Tech Leaders ETF by 433,344.0% in the 2nd quarter. Hughes Financial Services LLC now owns 541,805 shares of the company’s stock valued at $46,259,000 after buying an additional 541,680 shares in the last quarter. UBS Group AG grew its position in shares of JPMorgan U.S. Tech Leaders ETF by 4.1% in the 3rd quarter. UBS Group AG now owns 451,449 shares of the company’s stock worth $41,520,000 after buying an additional 17,659 shares during the last quarter. Miracle Mile Advisors LLC grew its position in shares of JPMorgan U.S. Tech Leaders ETF by 0.9% in the 3rd quarter. Miracle Mile Advisors LLC now owns 351,577 shares of the company’s stock worth $32,335,000 after buying an additional 3,221 shares during the last quarter. Finally, Raymond James Financial Inc. raised its stake in shares of JPMorgan U.S. Tech Leaders ETF by 64.9% during the 3rd quarter. Raymond James Financial Inc. now owns 194,318 shares of the company’s stock worth $17,871,000 after acquiring an additional 76,444 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.