JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Sees Large Increase in Short Interest

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) saw a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 10,626,490 shares, an increase of 1,893.3% from the June 15th total of 533,108 shares. Approximately 1.6% of the shares of the company are sold short. Based on an average trading volume of 6,245,948 shares, the days-to-cover ratio is currently 1.7 days.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. D.A. Davidson & CO. lifted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 13.3% in the 4th quarter. D.A. Davidson & CO. now owns 112,396 shares of the company’s stock worth $6,532,000 after purchasing an additional 13,200 shares in the last quarter. Ethos Capital Management Inc. bought a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF in the fourth quarter worth about $1,105,000. Clear Creek Financial Management LLC lifted its position in shares of 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 in the last quarter. Sunpointe LLC boosted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 18.4% during the fourth quarter. Sunpointe LLC now owns 70,226 shares of the company’s stock valued at $4,122,000 after buying an additional 10,901 shares during the last quarter. Finally, Cadence Bank boosted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 37.9% during the third quarter. Cadence Bank now owns 100,298 shares of the company’s stock valued at $5,769,000 after buying an additional 27,546 shares during the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Trading Up 0.4%

NASDAQ JEPQ traded up $0.27 on Friday, reaching $60.51. 5,053,880 shares of the stock were exchanged, compared to its average volume of 6,752,854. JPMorgan Nasdaq Equity Premium Income ETF has a one year low of $53.51 and a one year high of $61.72. The firm has a market capitalization of $40.42 billion, a PE ratio of 32.17 and a beta of 0.81. The company’s 50-day simple moving average is $60.06 and its two-hundred day simple moving average is $58.68.

JPMorgan Nasdaq Equity Premium Income ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Monday, July 6th. Stockholders of record on Wednesday, July 1st were given a dividend of $0.6366 per share. This represents a c) annualized dividend and a dividend yield of 12.6%. The ex-dividend date was Wednesday, July 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.