JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Sees Large Increase in Short Interest

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) was the recipient of a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 10,783,230 shares, an increase of 1,292.9% from the April 15th total of 774,172 shares. Approximately 1.7% of the company’s shares are sold short. Based on an average daily trading volume, of 6,606,055 shares, the days-to-cover ratio is presently 1.6 days.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

Shares of JEPQ stock traded up $0.23 during trading on Wednesday, hitting $59.89. 5,029,982 shares of the stock traded hands, compared to its average volume of 6,710,853. The firm has a market capitalization of $37.88 billion, a P/E ratio of 32.17 and a beta of 0.82. The firm’s fifty day moving average price is $57.54 and its 200-day moving average price is $58.11. JPMorgan Nasdaq Equity Premium Income ETF has a 52-week low of $51.71 and a 52-week high of $60.14.

JPMorgan Nasdaq Equity Premium Income ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Tuesday, May 5th. Stockholders of record on Friday, May 1st were given a dividend of $0.591 per share. This represents a c) annualized dividend and a dividend yield of 11.8%. The ex-dividend date of this dividend was Friday, May 1st.

Institutional Trading of JPMorgan Nasdaq Equity Premium Income ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in JEPQ. Bank of America Corp DE lifted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 16.0% during the second quarter. Bank of America Corp DE now owns 11,136,811 shares of the company’s stock worth $605,843,000 after purchasing an additional 1,533,280 shares in the last quarter. Morgan Stanley lifted 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 purchasing an additional 1,408,923 shares in the last quarter. Equitable Holdings Inc. lifted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 178.3% during 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 in the last quarter. Rakuten Investment Management Inc. acquired a new position in JPMorgan Nasdaq Equity Premium Income ETF during the third quarter worth $58,197,000. Finally, Ameriprise Financial Inc. lifted its stake in JPMorgan Nasdaq Equity Premium Income ETF by 20.3% during the third quarter. Ameriprise Financial Inc. now owns 4,441,337 shares of the company’s stock worth $255,416,000 after purchasing an additional 748,170 shares in the last quarter.

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.