Short Interest in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Rises By 1,893.3%

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

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

Shares of JPMorgan Nasdaq Equity Premium Income ETF stock traded up $0.27 during trading hours on Friday, hitting $60.51. The company had a trading volume of 5,053,880 shares, compared to its average volume of 6,752,854. The company’s 50-day moving average is $60.06 and its two-hundred day moving average is $58.68. The company has a market cap of $40.40 billion, a P/E ratio of 32.17 and a beta of 0.81. JPMorgan Nasdaq Equity Premium Income ETF has a twelve month low of $53.51 and a twelve month high of $61.72.

JPMorgan Nasdaq Equity Premium Income ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Monday, July 6th. Investors of record on Wednesday, July 1st were given a $0.6366 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a c) dividend on an annualized basis and a yield of 12.6%.

Hedge Funds Weigh In On JPMorgan Nasdaq Equity Premium Income ETF

Hedge funds have recently made changes to their positions in the company. Logan Capital Management Inc. purchased a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF in the 3rd quarter valued at about $27,000. Sankala Group LLC purchased a new position in JPMorgan Nasdaq Equity Premium Income ETF during the 4th quarter worth approximately $28,000. Navalign LLC acquired a new position in JPMorgan Nasdaq Equity Premium Income ETF during the fourth quarter worth approximately $33,000. Russell Investments Group Ltd. acquired a new position in JPMorgan Nasdaq Equity Premium Income ETF during the second quarter worth approximately $33,000. Finally, Archer Investment Corp purchased a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the fourth quarter valued at approximately $34,000.

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.