The JP Morgan US Tech Leaders ETF (JTEK) experienced a significant outflow of approximately $312.4 million this week, marking a 6.8% decrease in shares outstanding, from 46,450,000 to 43,300,000. The ETF’s current trading price is $97.88, which is between its 52-week range of $75.255 (low) and $111.82 (high).
Key underlying components affected by today’s trading activity include Take-Two Interactive Software, Inc. (TTWO) down 0.6%, Zoom Communications Inc. (ZM) down 0.8%, and ON Semiconductor Corp (ON) down 2.9%. The outflows may influence the individual holdings within the ETF as units are destroyed to accommodate the sell-off.
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