JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Short Interest Up 30.2% in October

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) was the recipient of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 1,230,000 shares, an increase of 30.2% from the October 15th total of 944,500 shares. Based on an average daily volume of 2,828,800 shares, the days-to-cover ratio is currently 0.4 days.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

Shares of JEPQ stock opened at $56.53 on Friday. The stock has a 50 day moving average price of $54.63 and a 200 day moving average price of $54.17. The firm has a market capitalization of $18.24 billion, a P/E ratio of 32.10 and a beta of -0.84. JPMorgan Nasdaq Equity Premium Income ETF has a 52-week low of $47.67 and a 52-week high of $56.78.

JPMorgan Nasdaq Equity Premium Income ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, November 5th. Stockholders of record on Friday, November 1st were issued a $0.4936 dividend. The ex-dividend date was Friday, November 1st. This represents a $5.92 dividend on an annualized basis and a dividend yield of 10.48%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Salomon & Ludwin LLC purchased a new position in JPMorgan Nasdaq Equity Premium Income ETF during the 3rd quarter worth $25,000. Beacon Capital Management LLC purchased a new position in JPMorgan Nasdaq Equity Premium Income ETF during the 2nd quarter worth $26,000. SJS Investment Consulting Inc. purchased a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the 2nd quarter valued at about $28,000. Hollencrest Capital Management purchased a new stake in JPMorgan Nasdaq Equity Premium Income ETF during the 3rd quarter valued at about $33,000. Finally, Pin Oak Investment Advisors Inc. grew its stake in JPMorgan Nasdaq Equity Premium Income ETF by 250.0% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 805 shares of the company’s stock valued at $44,000 after purchasing an additional 575 shares during the last quarter.

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.