JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Short Interest Up 1,893.3% in June

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) saw a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 10,626,490 shares, an increase of 1,893.3% from the June 15th total of 533,108 shares. Based on an average trading volume of 6,245,948 shares, the short-interest ratio is currently 1.7 days. Approximately 1.6% of the company’s stock are sold short.

JPMorgan Nasdaq Equity Premium Income ETF Trading Up 0.4%

JEPQ stock traded up $0.27 during midday trading on Friday, hitting $60.51. The company’s stock had a trading volume of 5,053,880 shares, compared to its average volume of 6,752,854. The firm’s 50-day moving average is $60.06 and its 200-day moving average is $58.68. JPMorgan Nasdaq Equity Premium Income ETF has a 12 month low of $53.51 and a 12 month high of $61.72. The company has a market cap of $40.42 billion, a PE ratio of 32.17 and a beta of 0.81.

JPMorgan Nasdaq Equity Premium Income ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Monday, July 6th. Stockholders of record on Wednesday, July 1st were paid a $0.6366 dividend. The ex-dividend date was Wednesday, July 1st. This represents a c) annualized dividend and a dividend yield of 12.6%.

Institutional Investors Weigh In On JPMorgan Nasdaq Equity Premium Income ETF

Institutional investors have recently modified their holdings of the business. Morgan Stanley increased its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 6.7% in the 4th 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. LPL Financial LLC lifted its position in JPMorgan Nasdaq Equity Premium Income ETF by 4.1% during the fourth quarter. LPL Financial LLC now owns 14,883,554 shares of the company’s stock valued at $865,032,000 after purchasing an additional 589,696 shares in the last quarter. Bank of America Corp DE lifted its position in JPMorgan Nasdaq Equity Premium Income ETF by 8.9% during the first quarter. Bank of America Corp DE now owns 13,877,688 shares of the company’s stock valued at $770,489,000 after purchasing an additional 1,132,270 shares in the last quarter. Wells Fargo & Company MN grew its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 4.9% during the fourth quarter. Wells Fargo & Company MN now owns 8,195,365 shares of the company’s stock valued at $476,315,000 after purchasing an additional 383,927 shares during the period. Finally, Royal Bank of Canada increased its position in JPMorgan Nasdaq Equity Premium Income ETF by 12.7% in the first quarter. Royal Bank of Canada now owns 4,606,395 shares of the company’s stock worth $255,748,000 after buying an additional 517,693 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.