JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Short Interest Down 66.9% in July

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) saw a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 3,515,150 shares, a decline of 66.9% from the June 30th total of 10,626,490 shares. Based on an average daily volume of 6,392,197 shares, the short-interest ratio is currently 0.5 days. Approximately 0.5% of the shares of the company are sold short.

JPMorgan Nasdaq Equity Premium Income ETF Price Performance

JEPQ opened at $57.96 on Friday. JPMorgan Nasdaq Equity Premium Income ETF has a 12 month low of $53.51 and a 12 month high of $61.72. The stock has a market capitalization of $39.09 billion, a P/E ratio of 32.17 and a beta of 0.81. The business has a 50 day simple moving average of $59.99 and a 200-day simple moving average of $58.71.

JPMorgan Nasdaq Equity Premium Income ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Monday, July 6th. Shareholders of record on Wednesday, July 1st were issued a $0.6366 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a c) dividend on an annualized basis and a yield of 13.2%.

Hedge Funds Weigh In On JPMorgan Nasdaq Equity Premium Income ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Logan Capital Management Inc. acquired a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF in the third quarter valued at about $27,000. Sankala Group LLC acquired a new position in JPMorgan Nasdaq Equity Premium Income ETF during the fourth quarter worth about $28,000. Navalign LLC purchased a new position in JPMorgan Nasdaq Equity Premium Income ETF in the fourth quarter valued at about $33,000. Russell Investments Group Ltd. purchased a new position in JPMorgan Nasdaq Equity Premium Income ETF in the second quarter valued at about $33,000. Finally, Archer Investment Corp acquired a new stake in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 4th quarter valued at approximately $34,000.

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. The fund also invests in ELNs in seeking income generation. JEPQ was launched on May 3, 2022 and is managed by JPMorgan Chase.