JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Short Interest Down 89.8% in May

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ – Get Free Report) was the target of a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 1,103,728 shares, a drop of 89.8% from the April 30th total of 10,783,230 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 7,023,958 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of JPMorgan Nasdaq Equity Premium Income ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Logan Capital Management Inc. acquired a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF in the third quarter worth $27,000. Sankala Group LLC acquired a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF in the fourth quarter worth $28,000. Hantz Financial Services Inc. increased its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 164.8% in the third quarter. Hantz Financial Services Inc. now owns 564 shares of the company’s stock worth $32,000 after acquiring an additional 351 shares during the period. Navalign LLC acquired a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF in the fourth quarter worth $33,000. Finally, Archer Investment Corp acquired a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF in the fourth quarter worth $34,000.

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JPMorgan Nasdaq Equity Premium Income ETF Stock Up 0.2%

Shares of NASDAQ:JEPQ traded up $0.15 during midday trading on Thursday, reaching $60.91. The company’s stock had a trading volume of 3,319,349 shares, compared to its average volume of 6,613,492. The firm has a market capitalization of $38.52 billion, a PE ratio of 32.17 and a beta of 0.82. JPMorgan Nasdaq Equity Premium Income ETF has a twelve month low of $51.82 and a twelve month high of $60.92. The stock has a fifty day moving average of $58.10 and a 200 day moving average of $58.21.

JPMorgan Nasdaq Equity Premium Income ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, May 5th. Stockholders of record on Friday, May 1st were paid a $0.591 dividend. The ex-dividend date was Friday, May 1st. This represents a c) dividend on an annualized basis and a dividend yield of 11.6%.

JPMorgan Nasdaq Equity Premium Income ETF Company Profile

(Get Free Report)

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.

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