Short Interest in JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) Expands By 52.1%

JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) saw a significant increase in short interest in May. As of May 31st, there was short interest totalling 1,240,000 shares, an increase of 52.1% from the May 15th total of 815,400 shares. Based on an average trading volume of 7,284,300 shares, the short-interest ratio is currently 0.2 days. Currently, 0.3% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Venturi Wealth Management LLC grew its position in JPMorgan Nasdaq Equity Premium Income ETF by 33.0% during the fourth quarter. Venturi Wealth Management LLC now owns 713 shares of the company’s stock valued at $40,000 after buying an additional 177 shares during the period. ELCO Management Co. LLC raised its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 3.3% in the 1st quarter. ELCO Management Co. LLC now owns 6,300 shares of the company’s stock worth $326,000 after purchasing an additional 200 shares during the period. PDS Planning Inc raised its holdings in shares of JPMorgan Nasdaq Equity Premium Income ETF by 0.6% in the 4th quarter. PDS Planning Inc now owns 36,894 shares of the company’s stock worth $2,080,000 after purchasing an additional 206 shares during the period. WealthShield Partners LLC grew its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 2.5% during the first quarter. WealthShield Partners LLC now owns 8,651 shares of the company’s stock valued at $448,000 after purchasing an additional 207 shares during the period. Finally, Interchange Capital Partners LLC grew its holdings in JPMorgan Nasdaq Equity Premium Income ETF by 4.1% during the first quarter. Interchange Capital Partners LLC now owns 5,878 shares of the company’s stock valued at $304,000 after purchasing an additional 232 shares during the period.

JPMorgan Nasdaq Equity Premium Income ETF Stock Down 0.7%

JEPQ stock opened at $52.78 on Wednesday. The firm has a market cap of $24.66 billion, a PE ratio of 30.29 and a beta of -0.84. The business has a 50 day moving average of $51.50 and a 200-day moving average of $54.17. JPMorgan Nasdaq Equity Premium Income ETF has a 12-month low of $44.31 and a 12-month high of $58.54.

JPMorgan Nasdaq Equity Premium Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Monday, June 2nd were paid a $0.6207 dividend. This represents a $7.45 dividend on an annualized basis and a yield of 14.11%. The ex-dividend date was Monday, June 2nd. This is an increase from JPMorgan Nasdaq Equity Premium Income ETF’s previous monthly dividend of $0.60.

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.