JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Short Interest Update

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) was the recipient of 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 short sold. Based on an average daily trading volume, of 6,245,948 shares, the days-to-cover ratio is currently 1.7 days.

Institutional Trading of JPMorgan Nasdaq Equity Premium Income ETF

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

JPMorgan Nasdaq Equity Premium Income ETF Trading Up 0.4%

Shares of JEPQ traded up $0.27 on Friday, reaching $60.51. The company’s stock had a trading volume of 5,053,880 shares, compared to its average volume of 6,752,854. JPMorgan Nasdaq Equity Premium Income ETF has a twelve month low of $53.51 and a twelve month high of $61.72. The stock has a market capitalization of $40.40 billion, a PE ratio of 32.17 and a beta of 0.81. The firm has a fifty day moving average of $60.06 and a 200-day moving average of $58.68.

JPMorgan Nasdaq Equity Premium Income ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Monday, July 6th. Shareholders of record on Wednesday, July 1st were issued a dividend of $0.6366 per share. This represents a c) dividend on an annualized basis and a yield of 12.6%. The ex-dividend date of this dividend was Wednesday, July 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.