JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Short Interest Update

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) was the target of a large growth in short interest in July. As of July 31st, there was short interest totaling 13,282,531 shares, a growth of 277.9% from the July 15th total of 3,515,150 shares. Based on an average daily trading volume, of 7,568,000 shares, the short-interest ratio is presently 1.8 days. Approximately 1.9% of the shares of the stock are sold short.

Hedge Funds Weigh In On JPMorgan Nasdaq Equity Premium Income ETF

Hedge funds have recently bought and sold shares of the stock. D.A. Davidson & CO. boosted its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 13.3% in the fourth quarter. D.A. Davidson & CO. now owns 112,396 shares of the company’s stock valued at $6,532,000 after purchasing an additional 13,200 shares during the last quarter. Sunpointe LLC increased its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 18.4% during the 4th quarter. Sunpointe LLC now owns 70,226 shares of the company’s stock worth $4,122,000 after purchasing an additional 10,901 shares during the last quarter. RWQ Financial Management Services Inc. increased its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 5,521.4% during the 4th quarter. RWQ Financial Management Services Inc. now owns 196,750 shares of the company’s stock worth $11,435,000 after purchasing an additional 193,250 shares during the last quarter. Emissary Wealth LLC acquired a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF in the 4th quarter valued at approximately $1,002,000. Finally, Kingswood Wealth Advisors LLC raised its position in shares of JPMorgan Nasdaq Equity Premium Income ETF by 120.3% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 204,496 shares of the company’s stock valued at $11,885,000 after purchasing an additional 111,653 shares in the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Trading Up 0.6%

Shares of NASDAQ JEPQ opened at $60.00 on Thursday. The company’s 50-day moving average price is $59.54 and its 200 day moving average price is $58.69. JPMorgan Nasdaq Equity Premium Income ETF has a 52 week low of $53.51 and a 52 week high of $61.72. The stock has a market cap of $41.05 billion, a price-to-earnings ratio of 32.17 and a beta of 0.82.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, August 5th. Investors of record on Monday, August 3rd were given a dividend of $0.705 per share. The ex-dividend date was Monday, August 3rd. This represents a c) annualized dividend and a dividend yield of 14.1%. This is an increase from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.64.

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.