JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK – Get Free Report) was the recipient of a significant decrease in short interest in October. As of October 15th, there was short interest totaling 35,092 shares, a decrease of 80.1% from the September 30th total of 176,090 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 204,131 shares, the short-interest ratio is currently 0.2 days.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the company. Farther Finance Advisors LLC raised its position in shares of JPMorgan U.S. Tech Leaders ETF by 420.0% in the third quarter. Farther Finance Advisors LLC now owns 1,482 shares of the company’s stock worth $156,000 after buying an additional 1,197 shares in the last quarter. Waverly Advisors LLC grew its position in JPMorgan U.S. Tech Leaders ETF by 21.3% during the first quarter. Waverly Advisors LLC now owns 1,981 shares of the company’s stock worth $158,000 after buying an additional 348 shares in the last quarter. Gateway Wealth Partners LLC purchased a new position in JPMorgan U.S. Tech Leaders ETF during the first quarter worth about $207,000. Comprehensive Financial Planning Inc. PA grew its position in JPMorgan U.S. Tech Leaders ETF by 14.4% during the second quarter. Comprehensive Financial Planning Inc. PA now owns 2,114 shares of the company’s stock worth $236,000 after buying an additional 266 shares in the last quarter. Finally, Paradigm Strategies in Wealth Management LLC bought a new position in JPMorgan U.S. Tech Leaders ETF in the 1st quarter worth about $245,000.
JPMorgan U.S. Tech Leaders ETF Price Performance
JTEK stock traded down $2.47 during mid-day trading on Thursday, reaching $99.22. 399,795 shares of the company traded hands, compared to its average volume of 287,268. The company has a fifty day moving average price of $102.00 and a 200-day moving average price of $96.18. JPMorgan U.S. Tech Leaders ETF has a 52-week low of $75.25 and a 52-week high of $111.82. The company has a market capitalization of $4.55 billion, a P/E ratio of 47.07 and a beta of 1.76.
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.
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