JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Short Interest Down 89.8% in May

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) saw a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 1,103,728 shares, a drop of 89.8% from the April 30th total of 10,783,230 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 7,023,958 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of JPMorgan Nasdaq Equity Premium Income ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in JEPQ. Logan Capital Management Inc. acquired a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the third quarter valued at $27,000. Sankala Group LLC acquired a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the fourth quarter valued at $28,000. Hantz Financial Services Inc. grew its position in JPMorgan Nasdaq Equity Premium Income ETF by 164.8% during the third quarter. Hantz Financial Services Inc. now owns 564 shares of the company’s stock valued at $32,000 after buying an additional 351 shares during the period. Navalign LLC acquired a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the fourth quarter valued at $33,000. Finally, Russell Investments Group Ltd. acquired a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the second quarter valued at $33,000.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

JEPQ stock traded up $0.15 during midday trading on Thursday, hitting $60.91. 3,319,349 shares of the stock traded hands, compared to its average volume of 6,613,492. The firm has a market cap of $38.52 billion, a P/E ratio of 32.17 and a beta of 0.82. The stock’s fifty day simple moving average is $58.10 and its 200-day simple moving average is $58.21. JPMorgan Nasdaq Equity Premium Income ETF has a 1-year low of $51.82 and a 1-year high of $60.92.

JPMorgan Nasdaq Equity Premium Income ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Tuesday, May 5th. Investors of record on Friday, May 1st were given a dividend of $0.591 per share. This represents a c) annualized dividend and a yield of 11.6%. The ex-dividend date was Friday, May 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.