Short Interest in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Expands By 277.9%

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) was the recipient of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 13,282,531 shares, a growth of 277.9% from the July 15th total of 3,515,150 shares. Based on an average trading volume of 7,568,000 shares, the days-to-cover ratio is presently 1.8 days. Currently, 1.9% of the company’s stock are sold short.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

Shares of JEPQ stock opened at $60.00 on Thursday. The firm has a fifty day moving average of $59.54 and a two-hundred day moving average of $58.69. The firm has a market cap of $41.05 billion, a P/E ratio of 32.17 and a beta of 0.82. JPMorgan Nasdaq Equity Premium Income ETF has a 1-year low of $53.51 and a 1-year high of $61.72.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, August 5th. Investors of record on Monday, August 3rd were paid a $0.705 dividend. This represents a c) dividend on an annualized basis and a yield of 14.1%. This is a positive change from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.64. The ex-dividend date was Monday, August 3rd.

Institutional Trading of JPMorgan Nasdaq Equity Premium Income ETF

Several hedge funds and other institutional investors have recently bought and sold shares of JEPQ. Capital Square LLC acquired a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the second quarter valued at approximately $237,000. Compass Financial Management LLC acquired a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF in the 2nd quarter worth approximately $771,000. 4WEALTH Advisors Inc. increased its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 1.0% in the 2nd quarter. 4WEALTH Advisors Inc. now owns 53,652 shares of the company’s stock valued at $3,257,000 after acquiring an additional 557 shares during the last quarter. Sulzberger Capital Advisors Inc. increased its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 10.1% in the 2nd quarter. Sulzberger Capital Advisors Inc. now owns 46,754 shares of the company’s stock valued at $2,874,000 after acquiring an additional 4,306 shares during the last quarter. Finally, Madrona Financial Services LLC acquired a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 2nd quarter valued at approximately $287,000.

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.