JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Short Interest Down 89.8% in May

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) was the target of a significant decline in short interest in May. As of May 15th, there was short interest totaling 1,103,728 shares, a decline of 89.8% from the April 30th total of 10,783,230 shares. Based on an average daily trading volume, of 7,023,958 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.2% of the company’s stock are sold short.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

Shares of JPMorgan Nasdaq Equity Premium Income ETF stock traded up $0.20 on Friday, reaching $61.15. 16,495,706 shares of the company were exchanged, compared to its average volume of 6,750,542. JPMorgan Nasdaq Equity Premium Income ETF has a 1-year low of $51.82 and a 1-year high of $61.17. The company has a market cap of $38.67 billion, a P/E ratio of 32.17 and a beta of 0.82. The stock’s 50 day moving average price is $58.25 and its 200-day moving average price is $58.25.

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. The ex-dividend date of this dividend was Friday, May 1st. This represents a c) dividend on an annualized basis and a dividend yield of 11.6%.

Hedge Funds Weigh In On JPMorgan Nasdaq Equity Premium Income ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE boosted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 16.0% in the second quarter. Bank of America Corp DE now owns 11,136,811 shares of the company’s stock valued at $605,843,000 after purchasing an additional 1,533,280 shares in the last quarter. Morgan Stanley boosted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 6.7% in the fourth quarter. Morgan Stanley now owns 22,507,866 shares of the company’s stock valued at $1,308,157,000 after purchasing an additional 1,408,923 shares in the last quarter. Equitable Holdings Inc. boosted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 178.3% in the fourth quarter. Equitable Holdings Inc. now owns 1,922,556 shares of the company’s stock valued at $111,739,000 after purchasing an additional 1,231,809 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 20.3% in the third quarter. Ameriprise Financial Inc. now owns 4,441,337 shares of the company’s stock valued at $255,416,000 after purchasing an additional 748,170 shares in the last quarter. Finally, LPL Financial LLC boosted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 4.1% in the fourth quarter. LPL Financial LLC now owns 14,883,554 shares of the company’s stock valued at $865,032,000 after purchasing an additional 589,696 shares in the last quarter.

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.