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

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) was the recipient of a large growth in short interest during the month of 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 trading volume of 7,450,587 shares, the days-to-cover ratio is presently 1.5 days. Currently, 1.7% of the company’s shares are short sold.

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 the business. Bank of America Corp DE boosted its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 16.0% in the 2nd 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 during the last quarter. Morgan Stanley boosted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 6.7% during the fourth quarter. Morgan Stanley now owns 22,507,866 shares of the company’s stock worth $1,308,157,000 after acquiring an additional 1,408,923 shares in the last quarter. Equitable Holdings Inc. grew 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 worth $111,739,000 after purchasing an additional 1,231,809 shares during the period. Ameriprise Financial Inc. increased its stake 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 increased its stake 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.

JPMorgan Nasdaq Equity Premium Income ETF Trading Up 2.1%

JEPQ traded up $1.19 during trading on Thursday, reaching $59.18. 5,216,387 shares of the company’s stock were exchanged, compared to its average volume of 6,841,724. JPMorgan Nasdaq Equity Premium Income ETF has a one year low of $52.49 and a one year high of $61.17. The stock has a market capitalization of $37.43 billion, a PE ratio of 32.17 and a beta of 0.82. The firm has a fifty day moving average price of $58.94 and a two-hundred day moving average price of $58.38.

JPMorgan Nasdaq Equity Premium Income ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Wednesday, June 3rd. Shareholders 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.

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.