JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Short Interest Up 882.8% in May

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) saw a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 10,846,897 shares, an increase of 882.8% from the May 14th total of 1,103,728 shares. Approximately 1.7% of the company’s shares are short sold. Based on an average daily volume of 7,450,587 shares, the short-interest ratio is currently 1.5 days.

Institutional Trading of JPMorgan Nasdaq Equity Premium Income ETF

Several large investors have recently added to or reduced their stakes in the stock. GM Advisory Group LLC boosted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 0.9% in the first quarter. GM Advisory Group LLC now owns 19,516 shares of the company’s stock valued at $1,084,000 after acquiring an additional 170 shares in the last quarter. Howard Wealth Management LLC boosted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 4.9% in the fourth quarter. Howard Wealth Management LLC now owns 3,676 shares of the company’s stock valued at $214,000 after acquiring an additional 173 shares in the last quarter. Red Mountain Financial LLC boosted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 4.3% in the first quarter. Red Mountain Financial LLC now owns 4,265 shares of the company’s stock valued at $237,000 after acquiring an additional 175 shares in the last quarter. Montz Harcus Wealth Management LLC boosted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 4.4% in the fourth quarter. Montz Harcus Wealth Management LLC now owns 4,176 shares of the company’s stock valued at $243,000 after acquiring an additional 176 shares in the last quarter. Finally, Fortis Advisors LLC boosted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 2.5% in the third quarter. Fortis Advisors LLC now owns 7,143 shares of the company’s stock valued at $411,000 after acquiring an additional 177 shares in the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Trading Down 0.9%

JPMorgan Nasdaq Equity Premium Income ETF stock opened at $59.08 on Wednesday. The firm has a 50-day moving average of $58.85 and a 200-day moving average of $58.36. The firm has a market cap of $37.37 billion, a P/E ratio of 32.17 and a beta of 0.82. JPMorgan Nasdaq Equity Premium Income ETF has a 1-year low of $52.49 and a 1-year high of $61.17.

JPMorgan Nasdaq Equity Premium Income ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Wednesday, June 3rd. Investors of record on Monday, June 1st were issued a $0.5644 dividend. The ex-dividend date was Monday, June 1st.

JPMorgan Nasdaq Equity Premium Income ETF Company Profile

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.