JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Sees Significant Decline in Short Interest

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) saw a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 533,108 shares, a decline 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 days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are sold short.

Hedge Funds Weigh In On JPMorgan Nasdaq Equity Premium Income ETF

Several large investors have recently modified their holdings of the stock. Logan Capital Management Inc. bought a new position in JPMorgan Nasdaq Equity Premium Income ETF during the 3rd quarter worth approximately $27,000. Sankala Group LLC bought a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF in the 4th quarter valued at approximately $28,000. Navalign LLC bought a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF in the 4th quarter valued at approximately $33,000. Archer Investment Corp acquired a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 4th quarter valued at approximately $34,000. Finally, IFC & Insurance Marketing Inc. acquired a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 4th quarter valued at approximately $35,000.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

JEPQ traded down $0.40 during trading on Friday, hitting $59.73. The company had a trading volume of 3,622,223 shares, compared to its average volume of 6,774,105. JPMorgan Nasdaq Equity Premium Income ETF has a 1-year low of $53.51 and a 1-year high of $61.72. The company has a market cap of $37.78 billion, a PE ratio of 32.17 and a beta of 0.82. The business has a 50-day moving average of $59.79 and a 200-day moving average of $58.56.

JPMorgan Nasdaq Equity Premium Income ETF Dividend Announcement

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