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

by · The Cerbat Gem

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ – Get Free Report) was the target of a large growth in short interest in April. As of April 30th, there was short interest totaling 10,783,230 shares, a growth of 1,292.9% from the April 15th total of 774,172 shares. Based on an average daily volume of 6,606,055 shares, the days-to-cover ratio is currently 1.6 days. Currently, 1.7% of the company’s shares are sold short.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

Shares of JPMorgan Nasdaq Equity Premium Income ETF stock traded up $0.11 during trading on Monday, hitting $59.72. The company’s stock had a trading volume of 8,123,156 shares, compared to its average volume of 6,712,994. The company has a fifty day simple moving average of $57.46 and a two-hundred day simple moving average of $58.09. The company has a market capitalization of $37.77 billion, a PE ratio of 32.17 and a beta of 0.82. JPMorgan Nasdaq Equity Premium Income ETF has a 52 week low of $51.71 and a 52 week high of $60.14.

JPMorgan Nasdaq Equity Premium Income ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Tuesday, May 5th. Investors of record on Friday, May 1st were paid a $0.591 dividend. This represents a c) annualized dividend and a dividend yield of 11.9%. The ex-dividend date was Friday, May 1st.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of JEPQ. Morgan Stanley boosted its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 6.7% during the 4th quarter. Morgan Stanley now owns 22,507,866 shares of the company’s stock valued at $1,308,157,000 after acquiring an additional 1,408,923 shares during the last quarter. LPL Financial LLC boosted its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 4.1% in the fourth quarter. LPL Financial LLC now owns 14,883,554 shares of the company’s stock worth $865,032,000 after buying an additional 589,696 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 5.8% in the third quarter. Bank of America Corp DE now owns 11,788,272 shares of the company’s stock worth $678,061,000 after buying an additional 651,461 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 4.9% in the fourth quarter. Wells Fargo & Company MN now owns 8,195,365 shares of the company’s stock worth $476,315,000 after buying an additional 383,927 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 20.3% in the third quarter. Ameriprise Financial Inc. now owns 4,441,337 shares of the company’s stock worth $255,416,000 after buying an additional 748,170 shares during the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Company Profile

(Get Free Report)

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.

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