JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK – Get Free Report) was the recipient of a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 30,882 shares, a drop of 75.5% from the July 30th total of 125,842 shares. Based on an average daily volume of 209,070 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are sold short.
Institutional Investors Weigh In On JPMorgan U.S. Tech Leaders ETF
A number of institutional investors and hedge funds have recently modified their holdings of the company. Yarger Wealth Strategies LLC boosted its position in JPMorgan U.S. Tech Leaders ETF by 2.8% during the second quarter. Yarger Wealth Strategies LLC now owns 73,375 shares of the company’s stock worth $7,674,000 after purchasing an additional 1,968 shares in the last quarter. Comprehensive Financial Planning Inc. PA boosted its position in shares of JPMorgan U.S. Tech Leaders ETF by 14.4% in the 2nd 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. Atticus Wealth Management LLC boosted its position in shares of JPMorgan U.S. Tech Leaders ETF by 37.1% in the 2nd quarter. Atticus Wealth Management LLC now owns 19,733 shares of the company’s stock worth $2,201,000 after buying an additional 5,343 shares in the last quarter. First PREMIER Bank acquired a new stake in JPMorgan U.S. Tech Leaders ETF in the 2nd quarter valued at about $1,464,000. Finally, Renasant Bank acquired a new stake in JPMorgan U.S. Tech Leaders ETF in the 2nd quarter valued at about $6,834,000.
JPMorgan U.S. Tech Leaders ETF Stock Performance
JTEK traded up $4.09 on Thursday, hitting $102.72. 256,830 shares of the company were exchanged, compared to its average volume of 298,681. The business’s fifty day moving average is $101.35 and its 200 day moving average is $95.25. JPMorgan U.S. Tech Leaders ETF has a fifty-two week low of $75.25 and a fifty-two week high of $111.82. The firm has a market capitalization of $4.47 billion, a P/E ratio of 47.07 and a beta of 1.79.
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.
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