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

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) saw a large drop in short interest in 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. Based on an average trading volume of 7,699,943 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are sold short.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

Shares of JEPQ traded up $0.44 on Thursday, reaching $60.13. 6,874,443 shares of the stock traded hands, compared to its average volume of 6,801,389. The firm has a market cap of $38.03 billion, a price-to-earnings ratio of 32.17 and a beta of 0.82. JPMorgan Nasdaq Equity Premium Income ETF has a 12 month low of $53.51 and a 12 month high of $61.72. The stock’s 50-day moving average price is $59.79 and its 200-day moving average price is $58.56.

JPMorgan Nasdaq Equity Premium Income ETF Announces Dividend

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

Hedge Funds Weigh In On JPMorgan Nasdaq Equity Premium Income ETF

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

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.