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

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) was the target of a significant drop in short interest in the month of September. As of September 15th, there was short interest totalling 563,500 shares, a drop of 13.5% from the August 31st total of 651,300 shares. Based on an average trading volume of 3,056,900 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of JPMorgan Nasdaq Equity Premium Income ETF

Hedge funds have recently made changes to their positions in the company. Beacon Capital Management LLC bought a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF in the second quarter valued at $26,000. SJS Investment Consulting Inc. bought a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF in the second quarter valued at $28,000. Global Wealth Strategies & Associates raised its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 36.4% in the first quarter. Global Wealth Strategies & Associates now owns 750 shares of the company’s stock valued at $41,000 after buying an additional 200 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF in the second quarter valued at $56,000. Finally, First Command Advisory Services Inc. bought a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF in the first quarter valued at $59,000.

JPMorgan Nasdaq Equity Premium Income ETF Stock Up 0.2 %

JPMorgan Nasdaq Equity Premium Income ETF stock traded up $0.13 during mid-day trading on Monday, reaching $54.93. 3,930,492 shares of the company’s stock were exchanged, compared to its average volume of 2,828,651. The business’s fifty day simple moving average is $53.09 and its 200 day simple moving average is $53.73. The firm has a market capitalization of $15.59 billion, a PE ratio of 32.10 and a beta of -0.84. JPMorgan Nasdaq Equity Premium Income ETF has a one year low of $44.95 and a one year high of $56.18.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, September 5th. Investors of record on Tuesday, September 3rd were issued a dividend of $0.5569 per share. This is a positive change from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.42. This represents a $6.68 dividend on an annualized basis and a yield of 12.17%. The ex-dividend date of this dividend was Tuesday, September 3rd.

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.