JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK – Get Free Report) was the recipient of a large growth in short interest in May. As of May 29th, there was short interest totaling 211,953 shares, a growth of 86.4% from the May 14th total of 113,699 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 222,515 shares, the short-interest ratio is presently 1.0 days.
JPMorgan U.S. Tech Leaders ETF Price Performance
Shares of JTEK opened at $104.84 on Monday. The firm has a 50-day moving average price of $97.56 and a 200 day moving average price of $90.89. The firm has a market capitalization of $4.13 billion, a PE ratio of 47.07 and a beta of 1.76. JPMorgan U.S. Tech Leaders ETF has a 52-week low of $75.25 and a 52-week high of $111.32.
Hedge Funds 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. Farther Finance Advisors LLC bought a new position in JPMorgan U.S. Tech Leaders ETF in the 4th quarter valued at about $26,000. International Assets Investment Management LLC bought a new position in JPMorgan U.S. Tech Leaders ETF in the 4th quarter valued at about $43,000. Comprehensive Financial Planning Inc. PA grew its position in JPMorgan U.S. Tech Leaders ETF by 97.5% in the 3rd quarter. Comprehensive Financial Planning Inc. PA now owns 476 shares of the company’s stock valued at $44,000 after buying an additional 235 shares in the last quarter. Advisory Services Network LLC bought a new position in JPMorgan U.S. Tech Leaders ETF in the 3rd quarter valued at about $56,000. Finally, Capital Investment Advisory Services LLC acquired a new stake in JPMorgan U.S. Tech Leaders ETF in the 4th quarter valued at about $64,000.
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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