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

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) was the recipient of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 13,282,531 shares, an increase 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 short-interest ratio is presently 1.8 days. Approximately 1.9% of the company’s shares are short sold.

Institutional Investors Weigh In On JPMorgan Nasdaq Equity Premium Income ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Logan Capital Management Inc. acquired a new position in JPMorgan Nasdaq Equity Premium Income ETF in the third quarter worth $27,000. Sankala Group LLC bought a new stake in JPMorgan Nasdaq Equity Premium Income ETF in the 4th quarter valued at about $28,000. Navalign LLC bought a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF during the fourth quarter valued at approximately $33,000. Russell Investments Group Ltd. bought a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the 2nd quarter valued at $33,000. Finally, Archer Investment Corp bought a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF during the fourth quarter valued at about $34,000.

JPMorgan Nasdaq Equity Premium Income ETF Stock Up 0.2%

Shares of JEPQ stock opened at $60.53 on Friday. The firm’s 50 day moving average price is $59.56 and its two-hundred day moving average price is $58.71. JPMorgan Nasdaq Equity Premium Income ETF has a fifty-two week low of $53.51 and a fifty-two week high of $61.72. The stock has a market cap of $41.42 billion, a price-to-earnings ratio of 32.17 and a beta of 0.82.

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 dividend of $0.705 per share. This is a positive change from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.64. The ex-dividend date of this dividend was Monday, August 3rd. This represents a c) annualized dividend and a yield of 14.0%.

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.