Short Interest in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Declines By 95.1%

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) saw a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 533,108 shares, a drop of 95.1% from the May 31st total of 10,846,897 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 7,699,943 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On JPMorgan Nasdaq Equity Premium Income ETF

A number of institutional investors have recently added to or reduced their stakes in JEPQ. Logan Capital Management Inc. acquired a new position in JPMorgan Nasdaq Equity Premium Income ETF during the third quarter worth about $27,000. Sankala Group LLC acquired a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 4th quarter valued at approximately $28,000. Navalign LLC purchased a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 4th quarter worth approximately $33,000. Russell Investments Group Ltd. purchased a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 2nd quarter worth approximately $33,000. Finally, Archer Investment Corp acquired a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF in the 4th quarter worth approximately $34,000.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

Shares of NASDAQ:JEPQ traded down $0.71 on Friday, reaching $59.42. The company’s stock had a trading volume of 6,197,196 shares, compared to its average volume of 6,796,642. JPMorgan Nasdaq Equity Premium Income ETF has a 52-week low of $53.51 and a 52-week high of $61.72. The stock has a market capitalization of $37.58 billion, a P/E ratio of 32.17 and a beta of 0.82. The stock’s 50-day moving average is $59.81 and its two-hundred day moving average is $58.56.

JPMorgan Nasdaq Equity Premium Income ETF Announces Dividend

The business also recently declared a dividend, which was paid on Wednesday, June 3rd. Investors of record on Monday, June 1st were issued a dividend of $0.5644 per share. The ex-dividend date of this dividend was Monday, June 1st.

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.