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

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) was the target of a large growth in short interest in 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. Based on an average daily volume of 7,450,587 shares, the days-to-cover ratio is currently 1.5 days. Approximately 1.7% of the shares of the company are sold short.

JPMorgan Nasdaq Equity Premium Income ETF Stock Up 2.6%

Shares of JPMorgan Nasdaq Equity Premium Income ETF stock opened at $59.49 on Friday. JPMorgan Nasdaq Equity Premium Income ETF has a twelve month low of $52.49 and a twelve month high of $61.17. The company has a 50-day simple moving average of $59.02 and a two-hundred day simple moving average of $58.40. The stock has a market capitalization of $37.62 billion, a price-to-earnings ratio of 32.17 and a beta of 0.82.

JPMorgan Nasdaq Equity Premium Income ETF Dividend Announcement

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

Institutional Trading of JPMorgan Nasdaq Equity Premium Income ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Logan Capital Management Inc. acquired a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the 3rd quarter worth about $27,000. Sankala Group LLC acquired a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the 4th quarter worth about $28,000. Hantz Financial Services Inc. increased its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 164.8% in the 3rd quarter. Hantz Financial Services Inc. now owns 564 shares of the company’s stock valued at $32,000 after buying an additional 351 shares during the period. Navalign LLC bought a new position in JPMorgan Nasdaq Equity Premium Income ETF in the 4th quarter valued at about $33,000. Finally, Archer Investment Corp bought a new position in JPMorgan Nasdaq Equity Premium Income ETF in the 4th quarter valued at about $34,000.

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.