JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) Short Interest Update

JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) was the target of a large growth in short interest during the month of March. As of March 31st, there was short interest totaling 90,282 shares, a growth of 147.0% from the March 15th total of 36,547 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 241,742 shares, the short-interest ratio is presently 0.4 days.

JPMorgan U.S. Tech Leaders ETF Stock Performance

JTEK stock opened at $85.91 on Tuesday. JPMorgan U.S. Tech Leaders ETF has a fifty-two week low of $60.94 and a fifty-two week high of $97.86. The business’s 50 day moving average price is $82.91 and its two-hundred day moving average price is $88.51. The company has a market capitalization of $3.33 billion, a price-to-earnings ratio of 47.07 and a beta of 1.66.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Genesis Private Wealth LLC purchased a new position in shares of JPMorgan U.S. Tech Leaders ETF during the 4th quarter worth approximately $870,000. ERn Financial LLC purchased a new position in shares of JPMorgan U.S. Tech Leaders ETF during the 4th quarter worth approximately $6,663,000. Base Wealth Management LLC purchased a new position in shares of JPMorgan U.S. Tech Leaders ETF during the 4th quarter worth approximately $1,701,000. Osaic Holdings Inc. grew its holdings in shares of JPMorgan U.S. Tech Leaders ETF by 97.7% during the 2nd quarter. Osaic Holdings Inc. now owns 57,018 shares of the company’s stock worth $4,816,000 after acquiring an additional 28,184 shares during the period. Finally, Guided Capital Wealth Management LLC grew its holdings in shares of JPMorgan U.S. Tech Leaders ETF by 21.1% during the 3rd quarter. Guided Capital Wealth Management LLC now owns 45,540 shares of the company’s stock worth $4,188,000 after acquiring an additional 7,945 shares during the period.

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.