JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Short Interest Update

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) was the target of a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 1,720,000 shares, a growth of 99.5% from the March 15th total of 862,300 shares. Based on an average daily volume of 6,615,800 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.4% of the company’s shares are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. CENTRAL TRUST Co increased its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 37.8% in the first quarter. CENTRAL TRUST Co now owns 4,266 shares of the company’s stock worth $221,000 after purchasing an additional 1,171 shares in the last quarter. San Luis Wealth Advisors LLC acquired a new position in shares of JPMorgan Nasdaq Equity Premium Income ETF during the 1st quarter valued at $2,443,000. Bell Bank grew its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 1.8% in the first quarter. Bell Bank now owns 16,483 shares of the company’s stock worth $853,000 after purchasing an additional 296 shares during the period. Insigneo Advisory Services LLC raised its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 14.8% during the first quarter. Insigneo Advisory Services LLC now owns 12,607 shares of the company’s stock valued at $653,000 after purchasing an additional 1,622 shares during the period. Finally, Wagner Wealth Management LLC grew its stake in shares of JPMorgan Nasdaq Equity Premium Income ETF by 15.8% in the 1st quarter. Wagner Wealth Management LLC now owns 48,797 shares of the company’s stock valued at $2,527,000 after buying an additional 6,646 shares during the period.

JPMorgan Nasdaq Equity Premium Income ETF Stock Performance

Shares of NASDAQ JEPQ traded down $0.02 during midday trading on Friday, reaching $48.74. The stock had a trading volume of 4,191,264 shares, compared to its average volume of 4,167,272. The company’s 50 day moving average price is $53.01 and its 200 day moving average price is $55.27. JPMorgan Nasdaq Equity Premium Income ETF has a twelve month low of $44.31 and a twelve month high of $58.54. The firm has a market cap of $22.15 billion, a price-to-earnings ratio of 30.12 and a beta of -0.84.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Tuesday, April 1st were issued a dividend of $0.5407 per share. This is an increase from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.49. This represents a $6.49 dividend on an annualized basis and a yield of 13.31%. The ex-dividend date of this dividend was Tuesday, April 1st.

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.