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 significant decrease in short interest in June. As of June 15th, there was short interest totaling 533,108 shares, a decrease of 95.1% from the May 31st total of 10,846,897 shares. Based on an average daily volume of 7,699,943 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the shares of the stock are short sold.

Institutional Trading of JPMorgan Nasdaq Equity Premium Income ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Logan Capital Management Inc. acquired a new position in JPMorgan Nasdaq Equity Premium Income ETF during the 3rd quarter valued at about $27,000. Sankala Group LLC acquired a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 4th quarter worth approximately $28,000. Navalign LLC bought a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF during the fourth quarter worth approximately $33,000. Russell Investments Group Ltd. bought a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF during the second quarter worth approximately $33,000. Finally, Archer Investment Corp acquired a new position in JPMorgan Nasdaq Equity Premium Income ETF in the fourth quarter valued at approximately $34,000.

JPMorgan Nasdaq Equity Premium Income ETF Stock Up 0.7%

NASDAQ:JEPQ traded up $0.44 during trading hours on Thursday, hitting $60.13. 6,874,443 shares of the stock were exchanged, compared to its average volume of 6,801,389. The company has a market capitalization of $38.03 billion, a P/E ratio of 32.17 and a beta of 0.82. The company’s 50 day moving average is $59.79 and its two-hundred day moving average is $58.56. JPMorgan Nasdaq Equity Premium Income ETF has a twelve month low of $53.51 and a twelve month high of $61.72.

JPMorgan Nasdaq Equity Premium Income ETF Announces Dividend

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