JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) Short Interest Down 48.7% in January

JPMorgan U.S. Tech Leaders ETF (NASDAQ:JTEK) saw a significant drop in short interest in the month of January. As of January 31st, there was short interest totalling 12,200 shares, a drop of 48.7% from the January 15th total of 23,800 shares. Based on an average daily volume of 136,600 shares, the days-to-cover ratio is presently 0.1 days.

JPMorgan U.S. Tech Leaders ETF Price Performance

NASDAQ JTEK traded up $0.03 on Friday, reaching $84.70. The company had a trading volume of 212,520 shares, compared to its average volume of 180,364. The firm has a market capitalization of $1.18 billion, a PE ratio of 47.95 and a beta of 1.82. The firm has a 50-day moving average of $79.55 and a 200-day moving average of $72.75. JPMorgan U.S. Tech Leaders ETF has a 1 year low of $55.66 and a 1 year high of $84.81.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in JTEK. Comerica Bank purchased a new stake in JPMorgan U.S. Tech Leaders ETF during the 4th quarter worth $38,000. Briaud Financial Planning Inc acquired a new stake in shares of JPMorgan U.S. Tech Leaders ETF during the fourth quarter valued at about $57,000. Wagner Wealth Management LLC increased its position in shares of JPMorgan U.S. Tech Leaders ETF by 22.0% during the fourth quarter. Wagner Wealth Management LLC now owns 2,264 shares of the company’s stock worth $171,000 after acquiring an additional 409 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in shares of JPMorgan U.S. Tech Leaders ETF in the third quarter worth about $193,000. Finally, Indie Asset Partners LLC boosted its holdings in JPMorgan U.S. Tech Leaders ETF by 7.3% in the third quarter. Indie Asset Partners LLC now owns 3,296 shares of the company’s stock valued at $226,000 after purchasing an additional 225 shares during the last quarter.

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.