JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK – Get Free Report) was the recipient of a large growth in short interest in September. As of September 15th, there was short interest totaling 111,821 shares, a growth of 79.4% from the August 31st total of 62,334 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average daily volume of 257,817 shares, the short-interest ratio is currently 0.4 days.
Institutional Investors Weigh In On JPMorgan U.S. Tech Leaders ETF
A number of institutional investors and hedge funds have recently bought and sold shares of JTEK. Envestnet Asset Management Inc. increased its position in shares of JPMorgan U.S. Tech Leaders ETF by 33.2% during the second quarter. Envestnet Asset Management Inc. now owns 221,237 shares of the company’s stock valued at $24,679,000 after acquiring an additional 55,111 shares during the last quarter. Archford Capital Strategies LLC boosted its position in JPMorgan U.S. Tech Leaders ETF by 4.2% in the second quarter. Archford Capital Strategies LLC now owns 11,991 shares of the company’s stock worth $1,338,000 after purchasing an additional 480 shares during the last quarter. NewEdge Advisors LLC grew its stake in JPMorgan U.S. Tech Leaders ETF by 9.6% in the 2nd quarter. NewEdge Advisors LLC now owns 35,260 shares of the company’s stock valued at $3,933,000 after purchasing an additional 3,087 shares during the period. IFP Advisors Inc grew its stake in JPMorgan U.S. Tech Leaders ETF by 32.5% in the 2nd quarter. IFP Advisors Inc now owns 8,019 shares of the company’s stock valued at $895,000 after purchasing an additional 1,966 shares during the period. Finally, Citadel Advisors LLC increased its position in shares of JPMorgan U.S. Tech Leaders ETF by 4.2% during the 2nd quarter. Citadel Advisors LLC now owns 21,495 shares of the company’s stock valued at $2,398,000 after purchasing an additional 876 shares during the last quarter.
JPMorgan U.S. Tech Leaders ETF Stock Performance
Shares of JPMorgan U.S. Tech Leaders ETF stock traded up $0.66 on Wednesday, hitting $105.19. The company had a trading volume of 230,412 shares, compared to its average volume of 294,098. JPMorgan U.S. Tech Leaders ETF has a 1 year low of $75.25 and a 1 year high of $111.82. The stock has a 50 day moving average of $100.22 and a 200-day moving average of $98.23. The stock has a market capitalization of $4.73 billion, a price-to-earnings 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.
Further Reading
- Five stocks we like better than JPMorgan U.S. Tech Leaders ETF
- Deutsche Bank Makes a Contrarian Call on Netflix—What Does It Mean for Investors?
- O’Reilly Automotive’s Stock Slump Hides a Stronger Business
- McDonald’s Stock Slump Makes Its AI Pricing Bet Even Riskier
- Broadcom’s AI Growth Story Faces a $161 Billion Anthropic Test
Receive News & Ratings for JPMorgan U.S. Tech Leaders ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan U.S. Tech Leaders ETF and related companies with MarketBeat.com's FREE daily email newsletter.
