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

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) saw a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 1,103,728 shares, a decrease of 89.8% from the April 30th total of 10,783,230 shares. Based on an average trading volume of 7,023,958 shares, the short-interest ratio is presently 0.2 days. Approximately 0.2% of the shares of the stock are sold short.

Institutional Investors Weigh In On JPMorgan Nasdaq Equity Premium Income ETF

A number of institutional investors and hedge funds have recently modified their holdings of JEPQ. GM Advisory Group LLC increased its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 0.9% during the 1st quarter. GM Advisory Group LLC now owns 19,516 shares of the company’s stock worth $1,084,000 after purchasing an additional 170 shares in the last quarter. Howard Wealth Management LLC increased its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 4.9% during the 4th quarter. Howard Wealth Management LLC now owns 3,676 shares of the company’s stock worth $214,000 after purchasing an additional 173 shares in the last quarter. Red Mountain Financial LLC increased its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 4.3% during the 1st quarter. Red Mountain Financial LLC now owns 4,265 shares of the company’s stock worth $237,000 after purchasing an additional 175 shares in the last quarter. Montz Harcus Wealth Management LLC increased its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 4.4% during 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 in the last quarter. Finally, Fortis Advisors LLC increased its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 2.5% during 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 in the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

Shares of NASDAQ:JEPQ traded up $0.20 on Friday, reaching $61.15. 16,495,706 shares of the company traded hands, compared to its average volume of 6,750,542. JPMorgan Nasdaq Equity Premium Income ETF has a fifty-two week low of $51.82 and a fifty-two week high of $61.17. The company’s 50 day moving average is $58.25 and its 200-day moving average is $58.25. The stock has a market capitalization of $38.67 billion, a PE ratio of 32.17 and a beta of 0.82.

JPMorgan Nasdaq Equity Premium Income ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, May 5th. Stockholders of record on Friday, May 1st were given a dividend of $0.591 per share. This represents a c) dividend on an annualized basis and a dividend yield of 11.6%. The ex-dividend date was Friday, May 1st.

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.