JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Sees Significant Growth in Short Interest

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) was the target of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 13,282,531 shares, an increase of 277.9% from the July 15th total of 3,515,150 shares. Based on an average trading volume of 7,568,000 shares, the short-interest ratio is presently 1.8 days. Currently, 1.9% of the shares of the company are sold short.

Institutional Investors Weigh In On JPMorgan Nasdaq Equity Premium Income ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Logan Capital Management Inc. acquired a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF in the 3rd quarter valued at about $27,000. Sankala Group LLC acquired a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the fourth quarter worth about $28,000. Navalign LLC purchased a new position in JPMorgan Nasdaq Equity Premium Income ETF during the fourth quarter valued at approximately $33,000. Russell Investments Group Ltd. purchased a new position in JPMorgan Nasdaq Equity Premium Income ETF during the second quarter valued at approximately $33,000. Finally, Archer Investment Corp acquired a new position in JPMorgan Nasdaq Equity Premium Income ETF in the fourth quarter valued at approximately $34,000.

JPMorgan Nasdaq Equity Premium Income ETF Trading Up 0.2%

Shares of JEPQ stock traded up $0.11 during trading hours on Friday, hitting $60.53. The company’s stock had a trading volume of 3,760,100 shares, compared to its average volume of 6,778,658. The stock has a market cap of $41.42 billion, a PE ratio of 32.17 and a beta of 0.82. JPMorgan Nasdaq Equity Premium Income ETF has a 12-month low of $53.51 and a 12-month high of $61.72. The company has a 50 day moving average of $59.53 and a 200 day moving average of $58.70.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, August 5th. Investors of record on Monday, August 3rd were given a dividend of $0.705 per share. This is a boost from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.64. This represents a c) dividend on an annualized basis and a yield of 14.0%. The ex-dividend date was Monday, August 3rd.

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.