JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Short Interest Update

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) was the target of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 3,515,150 shares, a drop of 66.9% from the June 30th total of 10,626,490 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 6,392,197 shares, the days-to-cover ratio is currently 0.5 days.

JPMorgan Nasdaq Equity Premium Income ETF Stock Down 0.4%

Shares of NASDAQ:JEPQ traded down $0.22 during midday trading on Monday, reaching $57.74. The company’s stock had a trading volume of 8,307,216 shares, compared to its average volume of 6,778,163. The firm has a 50 day moving average of $59.95 and a 200-day moving average of $58.70. The firm has a market capitalization of $38.94 billion, a P/E ratio of 32.17 and a beta of 0.81. JPMorgan Nasdaq Equity Premium Income ETF has a 12-month low of $53.51 and a 12-month high of $61.72.

JPMorgan Nasdaq Equity Premium Income ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Monday, July 6th. Investors of record on Wednesday, July 1st were paid a dividend of $0.6366 per share. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a c) annualized dividend and a yield of 13.2%.

Institutional Investors Weigh In On JPMorgan Nasdaq Equity Premium Income ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of JEPQ. D.A. Davidson & CO. grew its position in JPMorgan Nasdaq Equity Premium Income ETF by 13.3% during the 4th quarter. D.A. Davidson & CO. now owns 112,396 shares of the company’s stock valued at $6,532,000 after purchasing an additional 13,200 shares during the last quarter. Ethos Capital Management Inc. bought a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the 4th quarter valued at about $1,105,000. Clear Creek Financial Management LLC raised its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 49.9% in the fourth quarter. Clear Creek Financial Management LLC now owns 28,070 shares of the company’s stock worth $1,631,000 after buying an additional 9,340 shares during the last quarter. Sunpointe LLC lifted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 18.4% in the fourth quarter. Sunpointe LLC now owns 70,226 shares of the company’s stock worth $4,122,000 after buying an additional 10,901 shares in the last quarter. Finally, James Reed Financial Services Inc. lifted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 6.5% in the fourth quarter. James Reed Financial Services Inc. now owns 439,846 shares of the company’s stock worth $25,564,000 after buying an additional 26,869 shares in the last quarter.

About JPMorgan Nasdaq Equity Premium Income ETF

The J.P. Morgan Nasdaq Equity Premium Income ETF (JEPQ) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively-managed fund of US large-cap companies from the Nasdaq-100 Index, assessed and managed using ESG factors and a proprietary data science driven investment approach. The fund also invests in ELNs in seeking income generation. JEPQ was launched on May 3, 2022 and is managed by JPMorgan Chase.