JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Short Interest Up 882.8% in May

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) was the target of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 10,846,897 shares, a growth of 882.8% from the May 14th total of 1,103,728 shares. Currently, 1.7% of the company’s stock are sold short. Based on an average daily trading volume, of 7,450,587 shares, the days-to-cover ratio is currently 1.5 days.

JPMorgan Nasdaq Equity Premium Income ETF Trading Down 0.9%

Shares of JPMorgan Nasdaq Equity Premium Income ETF stock opened at $59.08 on Wednesday. The firm has a market capitalization of $37.37 billion, a P/E ratio of 32.17 and a beta of 0.82. The business has a fifty day simple moving average of $58.85 and a two-hundred day simple moving average of $58.36. JPMorgan Nasdaq Equity Premium Income ETF has a 12 month low of $52.49 and a 12 month high of $61.17.

JPMorgan Nasdaq Equity Premium Income ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Monday, June 1st were given a dividend of $0.5644 per share. The ex-dividend date of this dividend was Monday, June 1st.

Hedge Funds Weigh In On JPMorgan Nasdaq Equity Premium Income ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. GM Advisory Group LLC lifted its position in JPMorgan Nasdaq Equity Premium Income ETF by 0.9% during the first quarter. GM Advisory Group LLC now owns 19,516 shares of the company’s stock valued at $1,084,000 after buying an additional 170 shares during the period. Howard Wealth Management LLC lifted its position in JPMorgan Nasdaq Equity Premium Income ETF by 4.9% during the fourth quarter. Howard Wealth Management LLC now owns 3,676 shares of the company’s stock valued at $214,000 after buying an additional 173 shares during the period. Red Mountain Financial LLC lifted its position in JPMorgan Nasdaq Equity Premium Income ETF by 4.3% during the first quarter. Red Mountain Financial LLC now owns 4,265 shares of the company’s stock valued at $237,000 after buying an additional 175 shares during the period. Montz Harcus Wealth Management LLC raised its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 4.4% in the 4th quarter. Montz Harcus Wealth Management LLC now owns 4,176 shares of the company’s stock worth $243,000 after purchasing an additional 176 shares during the last quarter. Finally, Fortis Advisors LLC raised its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 2.5% in the 3rd quarter. Fortis Advisors LLC now owns 7,143 shares of the company’s stock worth $411,000 after purchasing an additional 177 shares during the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Company Profile

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.