JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Sees Significant Drop in Short Interest

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) saw a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 3,515,150 shares, a decline of 66.9% from the June 30th total of 10,626,490 shares. Based on an average trading volume of 6,392,197 shares, the short-interest ratio is presently 0.5 days. Approximately 0.5% of the shares of the stock are short sold.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

Shares of JEPQ traded down $0.54 on Tuesday, hitting $57.20. The company’s stock had a trading volume of 8,705,623 shares, compared to its average volume of 6,788,457. The company has a market capitalization of $38.58 billion, a PE ratio of 32.17 and a beta of 0.81. JPMorgan Nasdaq Equity Premium Income ETF has a fifty-two week low of $53.51 and a fifty-two week high of $61.72. The company has a 50 day moving average price of $59.95 and a 200 day moving average price of $58.70.

JPMorgan Nasdaq Equity Premium Income ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, July 6th. Shareholders of record on Wednesday, July 1st were given a $0.6366 dividend. The ex-dividend date was Wednesday, July 1st. This represents a c) annualized dividend and a yield of 13.4%.

Institutional Trading of JPMorgan Nasdaq Equity Premium Income ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in JEPQ. 4WEALTH Advisors Inc. lifted its position in JPMorgan Nasdaq Equity Premium Income ETF by 1.0% during the 2nd quarter. 4WEALTH Advisors Inc. now owns 53,652 shares of the company’s stock worth $3,257,000 after buying an additional 557 shares in the last quarter. Sulzberger Capital Advisors Inc. raised its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 10.1% in the second quarter. Sulzberger Capital Advisors Inc. now owns 46,754 shares of the company’s stock worth $2,874,000 after acquiring an additional 4,306 shares during the last quarter. Madrona Financial Services LLC acquired a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF during the second quarter worth approximately $287,000. Great Diamond Partners LLC lifted its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 1.2% during the second quarter. Great Diamond Partners LLC now owns 16,721 shares of the company’s stock worth $1,028,000 after purchasing an additional 202 shares in the last quarter. Finally, Strategic Planning Group LLC bought a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF during the second quarter valued at approximately $224,000.

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.