Short Interest in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Decreases By 32.6%

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) was the recipient of a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 862,300 shares, a drop of 32.6% from the February 28th total of 1,280,000 shares. Based on an average daily volume of 5,551,300 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.2% of the shares of the company are short sold.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

JEPQ traded down $0.03 during trading on Monday, hitting $51.78. The stock had a trading volume of 8,047,340 shares, compared to its average volume of 3,731,098. The firm has a market capitalization of $20.39 billion, a P/E ratio of 30.59 and a beta of -0.84. JPMorgan Nasdaq Equity Premium Income ETF has a twelve month low of $47.67 and a twelve month high of $58.54. The company’s 50-day moving average price is $55.55 and its 200 day moving average price is $55.85.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The company also recently declared a dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.4824 per share. This is a positive change from JPMorgan Nasdaq Equity Premium Income ETF’s previous dividend of $0.45. The ex-dividend date of this dividend was Monday, March 3rd.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC grew its position in JPMorgan Nasdaq Equity Premium Income ETF by 107.6% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 490 shares of the company’s stock worth $28,000 after buying an additional 254 shares during the period. Mainstream Capital Management LLC acquired a new position in JPMorgan Nasdaq Equity Premium Income ETF during the fourth quarter worth $28,000. Crewe Advisors LLC grew its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 154.5% in the fourth quarter. Crewe Advisors LLC now owns 509 shares of the company’s stock valued at $29,000 after purchasing an additional 309 shares during the last quarter. Capital A Wealth Management LLC purchased a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF in the fourth quarter valued at $29,000. Finally, Pinnacle Bancorp Inc. acquired a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 4th quarter worth $31,000.

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.