Short Interest in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Decreases By 49.8%

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) was the recipient of a significant drop in short interest in the month of January. As of January 31st, there was short interest totalling 657,300 shares, a drop of 49.8% from the January 15th total of 1,310,000 shares. Based on an average daily trading volume, of 4,366,500 shares, the short-interest ratio is currently 0.2 days.

Hedge Funds Weigh In On JPMorgan Nasdaq Equity Premium Income ETF

Institutional investors have recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new position in JPMorgan Nasdaq Equity Premium Income ETF in the fourth quarter valued at about $174,675,000. International Assets Investment Management LLC raised its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 6,245.0% in the third quarter. International Assets Investment Management LLC now owns 3,078,064 shares of the company’s stock worth $169,078,000 after purchasing an additional 3,029,552 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 16.1% in the fourth quarter. JPMorgan Chase & Co. now owns 20,256,020 shares of the company’s stock worth $1,142,034,000 after purchasing an additional 2,805,860 shares in the last quarter. Strategic Financial Concepts LLC raised its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 5,570.9% in the fourth quarter. Strategic Financial Concepts LLC now owns 1,009,020 shares of the company’s stock worth $56,889,000 after purchasing an additional 991,227 shares in the last quarter. Finally, LPL Financial LLC raised its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 10.7% in the fourth quarter. LPL Financial LLC now owns 8,914,358 shares of the company’s stock worth $502,591,000 after purchasing an additional 860,019 shares in the last quarter.

JPMorgan Nasdaq Equity Premium Income ETF Trading Up 0.3 %

Shares of JPMorgan Nasdaq Equity Premium Income ETF stock traded up $0.16 during trading on Friday, hitting $58.27. 3,634,463 shares of the stock traded hands, compared to its average volume of 5,002,244. The firm has a market cap of $22.94 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 $58.31. The stock’s fifty day simple moving average is $57.30 and its 200 day simple moving average is $55.40.

JPMorgan Nasdaq Equity Premium Income ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, February 5th. Stockholders of record on Monday, February 3rd were paid a dividend of $0.4502 per share. The ex-dividend date was Monday, February 3rd.

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.